After much delay, the U.S. Senate recently passed the $430 billion climate, healthcare, and tax bill called the Inflation Reduction Act. If signed into law, the Inflation Reduction Act aims to fight climate change and lower healthcare costs. The significant investments under the bill will be partly funded by a 15% minimum corporate tax imposed on large corporations with an average book income exceeding $1 billion over a three-year period. This minimum tax provision is expected to impact companies like Nike (NYSE: NKE), Amazon.com (NASDAQ: AMZN), FedEx (FDX), and several other companies that have often been criticized for paying low or no federal income taxes by using many deductions and exemptions.
https://www.tipranks.com/news/article/how-the-inflation-reduction-act-will-impact-tax-evading-corporations?utm_source=advfn.com&utm_medium=referral
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