EYUS: Latest Build Back Better proposal includes 15% corporate minimum tax on book income
|Tax Alerts, National/Federal Taxation, L ...|United States
As part of the budget reconciliation negotiations, United States (US) Senate Finance Committee Chairman Ron Wyden and Senators Elizabeth Warren and Angus King proposed a 15% corporate alternative minimum tax (CAMT) based on book income for companies that report over US$1 billion1 in profits to shareholders. The CAMT is included as a primary revenue raiser in the latest version of the Build Ba…
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