US makes new proposals on 15% corporate tax rule

By Agence France-Presse

Sep 14, 2024 12:17 am

WASHINGTON, D.C. — The US Treasury Department unveiled new proposals on Thursday to implement a rule requiring some of America's largest corporations to pay a minimum corporate tax rate of 15 percent.

The proposed rules are designed to execute the Corporate Alternative Minimum Tax, which formed part of the Inflation Reduction Act, one of President Joe Biden's signature pieces of legislation.

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