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Foreign-Parented Multinationals May Be Surprised New Corporate AMT Applies

Por: Forbes Business October 04, 2022

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A new corporate alternative minimum tax (“CAMT”) was enacted as part of the Inflation Reduction Act passed on August 16, 2022. The applicability of the CAMT under the most recent law is greatly diminished and was recently estimated to impact as few as 150 companies based on the Joint Committee of Taxation’s analysis. While at first glance US corporations may not consider CAMT if their financial income does not exceed $1 billion, CAMT may... + full article



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