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Can you point me to where the US ratifies this minimum tax? Note that Ireland has already implemented this, and I'd estimate the chance of it being made into U
by disgruntledphd2 3y ago
Can you point me to where the US ratifies this minimum tax?
Note that Ireland has already implemented this, and I'd estimate the chance of it being made into US law as less than 10%.
- tyree731 3y agoIIRC it was part of the Inflation Reduction Act.
- mikeyouse 3y agoIt already is law in the US - CAMT; > The Inflation Reduction Act created the CAMT, which imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of large corporations for taxable years beginning after Dec. 31, 2022. The CAMT generally applies to large corporations with average annual financial statement income exceeding $1 billion. https://www.irs.gov/newsroom/irs-clarifies-rules-for-new-corporate-alternative-minimum-tax# https://www.irs.gov/newsroom/irs-clarifies-rules-for-new-cor...
- disgruntledphd2 3y agoOh wow, I somehow missed that. I'm surprised, as generally these kinds of tax measures don't make it past the Senate. That's definitely good news.