Posted inBiden, Joseph R Jr Corporate Taxes Harris, Kamala D Inflation Reduction Act of 2022 Internal Revenue Service Law and Legislation Presidential Election of 2024 Tax Credits, Deductions and Exemptions Treasury Department United States Politics and Government
A Corporate Minimum Tax Aimed at Closing ‘Loopholes’ Leaves Gaps
The Treasury Department estimates that a new law requiring big companies to pay a 15 percent tax will raise $250 billion from large corporations over the next 10 years.