Corporate America Is Not Happy With the Tax Increases

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The business community is not happy with the fact that the bill sets 15 % minimum tax on the income of the largest corporations. Those are the two main features that are most upsetting to corporate america. This can't be a surprise though, james cannit says. I i mean, the biten administration must hknown that it was going to anger big business with these tax provisions, yes.

Taiwanese national security officials want to force Apple supplier Foxconn to unwind an $800mn investment in a Chinese chip company, and corporate America is fuming over president Joe Biden’s economic package. Plus, we have a military update on the war in Ukraine, and how tennis legend Serena Williams plans to spend her retirement.

Mentioned in this podcast:

Taiwan security officials want Foxconn to drop stake in Chinese chipmaker

Corporate America fumes over Biden’s tax and climate package

Serena Williams to retire from tennis after US Open

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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