A. India
B. USA
C. Russia
D. Switzerland
Explanation:
US President Joe Biden has announced more conventional proposed rate hikes on the income of large corporations and the wealthiest Americans, similar to a ‘Wealth Tax’.
This new tax would apply to people with over $1 billion in assets or $100 million in income for three straight years. Billionaires would also face an additional tax on non-tradable assets such as real estate and business interests once those assets are sold. This new tax is expected to raise $200 billion to $250 billion.
