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The tax, climate and energy passed by Senate Democrats includes a 15% minimum tax on the domestic profits of large American companies. This roundabout method to collect more money from corporations, known as a minimum book tax, is critical to the deal, since it provides much of the new revenue to fund the energy investments and deficit reduction that Democrats are hoping to tout in the midterm elections this November. (https://www.bloomberg.com/news/articles/2022-08-01/how-the-15-us-minimum-corporate-tax-would-work-quicktake?utm_source=google&utm_medium=bd&cmpId=google)
In this video Andrew shares How the USA’s New 15% Minimum Corporate Tax Works.
Andrew is reading this article: https://www.bloomberg.com/news/articles/2022-08-01/how-the-15-us-minimum-corporate-tax-would-work-quicktake?utm_source=google&utm_medium=bd&cmpId=google
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.