Reuven Avi-Yonah is the Irwin I. Cohn Professor of Law and director of the International Tax LL.M. Program at the University of Michigan, specializing in corporate and international taxation. He has served as a consultant to the U.S. Department of the Treasury and the Organisation for Economic Co-operation and Development on tax competition. The opinions expressed in this commentary are his own.
.leftside-floating-image { width:100%; display:block; margin:0 auto 1.5rem; } @media screen and { .leftside-floating-image { float:left; width:50%; max-width: 200px; display:block; margin:0 1.5rem 1rem 0; } } Corporate America has perfected the art of dodging the taxes that everyone else pays.
But a key component of the Build Back Better Act, which just passed the House, would end all of that. The proposal would prevent the largest and most profitable corporations from paying little or no income tax by establishing a minimum tax of 15% of the income they report to shareholders if they make more than $1 billion in profits. Known as the corporate profits minimum tax, it will pay for a large portion of the Build Back Better Act by raising $319 billion in revenue over the next decade.
dc needs a machine that shakes people upside down
raising new taxes ; existing fed up to 40% corp 20 % governor 6 % mayor 2% comm 1 % preachers say 10 % of gross / starting point how much anointing is enough
And middle Americans will indirectly pay those taxes through higher taxes. Duh…
The more money she takes from others the more 25 million dollar mansions she can buy
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