How the USA’s New 15% Minimum Corporate Tax Works
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The tax, climate and energy passed by Senate Democrats includes a 15% minimum tax on the domestic profits of large American companies. This roundabout method to collect more money from corporations, known as a minimum book tax, is critical to the deal, since it provides much of the new revenue to fund the energy investments and deficit reduction that Democrats are hoping to tout in the midterm elections this November. (https://www.bloomberg.com/news..../articles/2022-08-01
In this video Andrew shares How the USA’s New 15% Minimum Corporate Tax Works.
0:15 New 15% Minimum Corporate Tax
2:31 Taxes in Ireland
2:36 Taxes in Hungary
3:18 How the USA’s New 15% Minimum Corporate Tax Works
7:42 Taxes in Canada
8:59 Taxes in New York
Andrew is reading this article: https://www.bloomberg.com/news..../articles/2022-08-01
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