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Taxes have never been more important than they are today. One of the most debated policies in the 2020 U.S. Presidential Election has been taxes. Biden seeks to reduce tariffs, raise the top capital gains tax rate to 40%, and raise corporate income tax rates to 28%. Trump plans to maintain tariffs, continue the Tax Cuts and Jobs Act (TCJA), which lowered the top capital gains tax rate to 20% and corporate income tax to 21%. In this blog, I will highlight different types of taxes, and their effects on international business.