US Treasury Introduces 15% Minimum Tax Regulations for Large Companies
Thursday, 12 September 2024, 04:49
US Treasury's 15% Minimum Tax Initiative
The U.S. Treasury has revealed new regulations designed to implement a 15% minimum tax on major corporations. This measure targets the largest, most profitable companies in the country, aiming to close loopholes that allow significant tax avoidance.
Projected Revenue Generation
Expected to generate approximately $250 billion in U.S. revenues over the next decade, this tax reform impacts about 100 large corporations. The initiative is a response to growing concerns about tax equity among businesses of varying sizes.
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