A Handful of Companies to Bare the Brunt of the New Corporate Minimum Tax, Study Finds
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Amazon and Berkshire Hathaway are among the half dozen companies that are in a class all by themselves when it comes to keeping their tax bill low. Now they may have to pay up.
A month ago, President Biden signed into law a 15% minimum corporate tax directed at massive companies with huge profits that send Uncle Sam next to no income tax. According to researchers from the University of North Carolina Tax Center, six companies -- including Amazon and Berkshire Hathaway -- would've paid over half of the estimated $32 billion the tax would have generated had it been in place last year.
Source Fool.com
