The Inflation Reduction Act Introduces a New Corporate AMT: What Companies Need to Know
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October 2022 The Inflation Reduction Act (IRA) set out a new alternative minimum tax (AMT) for large corporations. The goal behind the new AMT, according to Senator Chuck Schumer’s office, is “to ensure the wealthiest … corporations cannot avoid paying their fair share of taxes.” The new AMT is expected to raise $313 billion in revenue over the next 10 years. View the full article here.
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