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I haven't read much about this and article didn't say, but won't this impact smaller businesses who don't do stock buybacks, assuming they even have stock?
by _-david-_ 4y ago
I haven't read much about this and article didn't say, but won't this impact smaller businesses who don't do stock buybacks, assuming they even have stock?
- whatever1 4y agoSmall businesses are taxed at 21% on a federal level + state taxes, so this law does not affect them. It’s about the big fish who hire tax optimization firms to cook their books on a global scale.
- cplusplusfellow 4y agoCan you put that guarantee for my small business into the law?
- TheCoelacanth 4y agoThe proposal applies to companies with a book profit of over $1 billion[1]. Does your small business have more than a billion in profit each year? [1] https://www.pwc.com/us/en/services/tax/library/corporate-book-minimum-tax-proposed-in-budget-reconciliation-bill.html https://www.pwc.com/us/en/services/tax/library/corporate-boo...
- _-david-_ 4y agoThank you for the information.