Democrats’ Minimum Tax Unlikely to Vanish, So Businesses Seek to Soften Its Impact

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Democrats’ Minimum Tax Unlikely to Vanish, So Businesses Seek to Soften Its Impact
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Congress is poised to create a new corporate minimum tax. Pension advocates, renewable-energy backers and manufacturers are pushing for changes before the plan is finished.

Changes sought by manufacturers, renewable-energy companies seem doubtful to succeed as lawmakers wrap up Biden tax agenda The proposed corporate minimum tax would impose a minimum 15% tax rate on many companies with at least $1 billion in profits.

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