Biden tax proposal would cost Arizona thousands of jobs, ASU report estimates

The president's proposal to increase the United States' Global Intangible Low-Tax Income (GILTI) tax will lead to job losses at 266 public companies in Arizona, according to the Seidman Research Institute.

The president's proposal to increase the United States' Global Intangible Low-Tax Income (GILTI) tax will lead to job losses at 266 public companies in Arizona, according to the Seidman Research Institute.

In this story published Sept. 20, 2021, on The Center Square:

The Seidman Research Institute and QUEST predicted a low of 1,508 direct annual job losses and a high of 27,728 direct annual losses if the current GILTI proposal is implemented, placing up to 47,000 jobs at risk in the next five years.

– L. William Seidman Research Institute