No. of Recommendations: 18
Interesting commentary which I read on Kingswell. The 15% Corporate AMT seemed a bit ambiguous initially but it sounds very real & influencing our behavior.
Kingswell excerpt:
“Warren also offered an interesting explanation for some of Berkshire’s recent stock sales. “Berkshire is subject to the 15% Corporate Alternative Minimum Tax,” he said, “and if they don’t pay an effective tax rate more than 15% in cash taxes over a three-year running period, they will be taxed on their unrealized gains. And, basically, what they’re doing is realizing gains to ensure that they get over that hump. That, in my opinion, is the main reason why we see them selling off Apple and Bank of America.”
