No. of Recommendations: 2
For example, health care premiums provided by employers are generally tax deductible. What happens when the corporation pays no taxes, to deduct the health insurance premiums from? Then paying health insurance becomes just another "cost to be minimized", like the number of Proles on the payroll.
A few years ago, some 130 countries, including the US, agreed to a minimum 15% tax rate on corporations.
His nibs is trying to find a workaround, so that corporations can have another tax cut.
Much of Treasury’s recent mischief involves weakening the Corporate Alternative Minimum Tax (CAMT), which is supposed to ensure that the largest corporations pay federal income taxes equal to at least 15 percent of the profits they report to investors, regardless of what tax breaks they can use under the regular tax rules. But the Treasury has recently proposed regulations to limit the CAMT’s impacts on cryptocurrency companies, energy companies, and private equity firms, according to the Times. https://itep.org/trump-goes-outside-the-law-to-giv...Steve
