WASHINGTON—A handful of large companies, such as Berkshire Hathaway and Amazon.com could bear most of the burden from a 15% corporate minimum tax President Biden signed into law last month.
Researchers at the University of North Carolina Tax Center analyzed securities filings to determine what companies would have paid if the tax had been in place last year. They found fewer than 80 publicly traded U.S. companies would have paid any corporate minimum tax in 2021, and just six—including Amazon and Warren Buffett’s conglomerate—would have paid half of the estimated $32 billion in revenue the levy would have generated.
Source: finance.yahoo.com
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