Biden made several attempts to raise them, he pushed and got a corporate minimum tax. He got a global minimum corporate tax rate as well. I keep seeing this. E

Biden made several attempts to raise them, he pushed and got a corporate minimum tax. He got a global minimum corporate tax rate as well. I keep seeing this. Everyone, before you comment on something, maybe check to make sure your understanding of laws/events is actually anywhere near true before making definitive statements. This is how disinformation works. https://www.nytimes.com/2023/09/07/business/corporate-minimum-tax-impact.html https://www.nytimes.com/2023/09/07/business/corporate-minimu... https://www.washingtonpost.com/business/2023/07/03/global-minimum-tax-american-businesses/ https://www.washingtonpost.com/business/2023/07/03/global-mi... “On September 12, 2024, the Department of the Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued long-awaited proposed regulations (89 FR 75062) (the “Proposed Regulations”) on the application of the corporate alternative minimum tax (the “CAMT”), which was enacted two years ago as part of the Inflation Reduction Act (“IRA”). In general, the CAMT imposes a 15% corporate alternative minimum tax on the adjusted financial statement income (“AFSI”) of certain large corporations for tax years beginning after December 31, 2022.”