The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
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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