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.
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.
'Some of the most profitable corporations in the country report record profits to shareholders while using complex tax strategies to pay little to no taxes, often paying lower tax rates than nurses, firefighters, police officers and teachers,' said Deputy Treasury Secretary Wally Adeyemo.
Makes New Proposals On 15% Corporate Tax Rule
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PH math mentors, students join ICME-15 in AustraliaFILIPINO educators and students, including 18 delegates from MathEd Eagles of the Ateneo de Manila University (AdMU) and two from Philippine Normal University (PNU), joined around 2,000 mathematics education scholars and researchers at the 15th International Congress on Mathematical Education (ICME-15) in Sydney, New South Wales, Australia on July...
Read more »
Missing 15-year-old girl found dead on sugarcane farmLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Average annual family income in PH rose 15% to P353,230 in 2023Defining the News
Read more »
Nawawalang 15-anyos na babae, nakitang patay sa tubuhan sa Negros OccidentalPatay na nang matagpuan sa isang tubuhan sa La Carlota City, Negros Occidental ang isang 15-anyos na babae na dalawang linggo nang nawawala.
Read more »
Phivolcs: 15 areas in Batangas experiencing vog from TaalDefining the News
Read more »
Metro Comet Transport Service Cooperative gets 15 Isuzu Modern PUV Class 2 unitsMETRO Comet Transport Service Cooperative recently received 15 new Isuzu Modern PUV Class 2 units, marking a significant step in the cooperative's efforts to modernize public transportation. The turnover ceremony took place at Ayala Mall Solenad in Nuvali, Sta. Rosa, Laguna, featuring new PUV bodies manufactured by Centro Manufacturing Corp.
Read more »