The Treasury Department has “substantially eroded the corporate alternative minimum tax ... and its primary effect has been to reduce or eliminate CAMT liability for many large corporations.” Meta and Qualcomm are among those saving billions from these changes. news.bloombergtax.com/daily-tax-re...
Weaker Minimum Book Tax Rules Save Meta, Qualcomm BillionsThe corporate book-income tax was supposed to get tough on big companies seen as not paying enough in taxes. Critics say regulatory moves have made it largely toothless.news.bloombergtax.com