On 28 March 2022, U.S. President Joe Biden released the Fiscal Year 2023 Budget. Alongside the Budget, the U.S. Department of the Treasury published the so-called Greenbook, providing further detail on the Budget revenue proposals. The proposed revenue measures as summarized by the Treasury Department include: Reform Business and International Taxation Raise the Corporate Income Tax Rate to 28% Adopt the Undertaxed Profits Rule Provide Tax Incentives for Locating Jobs and Business Activity in the United States and Remove Tax Deductions for Shipping Jobs Overseas Prevent Basis Shifting by Related Parties through Partnerships Conform Definition of "Control" with Corporate Affiliation...