Which Large U.S. Corporations Would Pay Biden’s 15% Minimum Tax?

By MARTIN A. SULLIVAN 

We estimate that 33 of the 100 largest U.S. companies could be subject to President-elect Joe Biden’s proposed corporate minimum tax and pay a total extra tax of $20 billion annually if that proposal were enacted as stand-alone legislation. Because the president-elect has proposed other significant tax increases on U.S. corporations, the effect of the proposed minimum tax would likely be much less.

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By Martin A. Sullivan, posted on Monday December 21, 2020
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