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
Related posts:
Billionaire Charlie Munger Compares Stock Market 'Gambling' to 'Heroin' Addiction, Sees No Solution ...
Grant Cardone Says Owning A Home Isn't The American Dream It's Hyped Up To Be — But Instead, 'The Ho...
How to Minimize Your Heirs’ Tax Burden on Inherited IRAs and 401(k)s
Rivian Wipeout After Breathless Rally May Mean $15 Billion of Lost Value
This Stock Is Down 96%, and One Wall Street Analyst Thinks It Could Gain 226% in 2024