Berkshire Hathaway could face a sizable tax bill if the bull market resumes this year.
Ever since a 15% corporate minimum tax was included in the Inflation Reduction Act in 2022, there has been uncertainty about whether corporations would owe taxes on paper profits, or unrealized capital gains, on stocks starting this year. The treatment has long been that these paper profits created a deferred tax liability that is only paid when the stocks are sold, and the profits realized.
Source: finance.yahoo.com
Related posts:
'Don't try to be a hero': The stock market will — eventually — roar back, history shows
3 Utility Dividend Stocks to Buy Hand Over Fist in June
Daily Spotlight: Small Caps Picking up the Pace
A recession is ‘at our doorstep,’ but investors are falling for a goldilocks scenario, Wells Fargo s...
Yellen Flags Potential for Buybacks of Treasury Securities