Daily Trade News

The corporate minimum tax could hit these ultra-profitable companies



Cash effective tax rates

of most-profitable companies since 2019

Berkshire Hathaway, Amazon and Intel paid less than 15 percent in taxes globally in each of the last three years

Tech companies including Alphabet

lower their tax bills by reporting income

in countries with lower rates

Source: Washington Post analysis

of Calcbench data

Cash effective tax rates

of most-profitable companies since 2019

Berkshire Hathaway, Amazon and Intel paid less than 15 percent in taxes globally in each of the last three years

Tech companies including Alphabet lower their tax bills by reporting income in countries with lower rates

Source: Washington Post analysis of Calcbench data

Cash effective tax rates

of most-profitable companies since 2019

Berkshire Hathaway, Amazon and Intel paid less than

15 percent in taxes globally in each of the last three years

Tech companies including Alphabet lower their tax bills by reporting income in countries with lower rates

Source: Washington Post analysis of Calcbench data

Cash effective tax rates

of most-profitable companies since 2019

Berkshire Hathaway, Amazon and Intel paid less than 15 percent in taxes globally in each of the last three years

Tech companies including Alphabet lower their tax bills by reporting income in countries with lower rates

Source: Washington Post analysis of Calcbench data

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correction

A previous version of this article incorrectly included Union Pacific in the table of profitable companies with low taxes rates because of an error in the source data. Its cash effective tax rate for the last three years is 18 percent.

On Friday the House passed the Inflation Reduction Act, which includes a minimum tax rate of 15 percent on highly profitable companies — a levy that could hit Amazon, Verizon and others. The tax would help pay for large…



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