Clinton to propose tax incentives to encourage companies to share profits: aide
[WASHINGTON] US Democratic presidential candidate Hillary Clinton on Monday will propose tax incentives to encourage companies to share more profits with workers, according to a campaign aide.
In a speech in New York in which she will lay out her economic vision, Ms Clinton will say that workers need to benefit from the profits they are helping to produce and will cite studies showing profit-sharing can increase productivity.
"It's a win-win," she will say in her speech, according to the campaign official. The speech is scheduled for 10 am EDT (1400 GMT).
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Hong Kong holds rate as Fed signals inflation concerns
Australian business strength is shocking even its biggest lender
South Korea’s factory activity shrinks in April, but optimism about outlook ticks up
US sanctions firms in China, UAE for support of Russia’s war
Japan suspects companies are evading disclosure of cross-shareholdings
Germany hit hard as foreign investment falls in Europe: EY survey