New Corporate Minimum Tax Ushers In Confusion and a Lobbying Blitz
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New Corporate Minimum Tax Ushers In Confusion and a Lobbying Blitz
The new corporate minimum tax has become a challenge for the Biden administration, which has faced intense lobbying from industries that could be on the hook for billions of dollars in new taxes. Those groups have been flooding the Treasury Department with letters asking for lenient interpretations of the law and trying to create new loopholes before their tax bills come due next year.
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