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Treasury proposes rule to prevent large corporations from evading income taxes

Por: The Boston Globe Business September 13, 2024

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WASHINGTON — The Biden administration on Thursday proposed a new rule that would require the largest US companies to pay at least 15 percent of their profits in taxes.Treasury Department officials estimate that about 100 of the biggest corporations — those with at least $1 billion in annual profits — would be forced to pay more in taxes under a provision that was included in the administration’s 2022 Inflation Reduction Act. Democratic... + full article



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