Greg Hrinya, Editor, Label & Narrow Web04.20.21
Even though industry members were unable to meet in person, TLMI delivered an action-packed Virtual Spring Summit, highlighting the latest industry trends and providing a forecast for the future.
Alan Beaulieu, president of ITR Economics and a fixture at TLMI events, shared his optimism for the immediate future while raising questions about the country’s long-term economic future. Beaulieu expects every piece of legislation that President Joe Biden touches to address climate change in some form, and he believes America’s relationship with China will continue to change going forward. Plus, a tax increase is on the horizon.
According to Beaulieu, we can expect to see an increase maximum corporate income tax rate to 28%, with a 15% minimum tax on corporate global book income. A 21% country-by-country foreign minimum tax is also envisioned.
While the immediate impact of the pandemic and vaccine rollout, presidential election, and var
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