These people must have hated it when Biden created a 15% minimum corporate tax rate.
If the status quo is any indication, corporate tax rules are largely performative. I would be happy to be wrong about that and see actual enforcement happen as a result of the Inflation Reduction Act, but I’m not gonna hold my breath.
https://itep.org/55-profitable-corporations-zero-corporate-tax/
There is some detailed guidance about the CAMT I found here, but someone with more specific knowledge will have to parse through it to determine how easily they are gonna be able to dodge this, too.
These people must have hated it when Biden created a 15% minimum corporate tax rate.
If the status quo is any indication, corporate tax rules are largely performative.
First of all NO tax increase is ever “performative”. That is a completely meaningless sentence. 2nd, you obviously don’t understand how rare and difficult it is to increase taxes. 3rd, you obviously don’t understand how critical it is to raise taxes on the wealthy.
Did you click through to the first article I linked? I called them performative because corporations just exploit loopholes to avoid paying their dues anyway.
I understand the importance of raising taxes on the wealthy. However, I also understand that those efforts will be meaningless if they aren’t backed up on the enforcement side.
