CRA data shows little to be gained from raising minimum tax on top earners
Breadcrumb Links Taxes Personal finance Jamie Golombek: Ottawa says some high-income Canadians still aren’t paying…
Browsing: Minimum tax
How much would corporate taxes increase under a global minimum tax?
According to new estimates from the International Monetary Fund (IMF), businesses around the world could…
Biden administration proposes minimum market value tax for people with more than $100 million in assets
Summary and background. On March 28, 2022, the Biden administration proposed a minimum tax of…
FBR proposed to reduce the minimum tax rate to 0.25%
KARACHI: It was proposed to the Federal Board of Revenue (FBR) to reduce the general…
The Liberals will introduce a new minimum tax for the highest earners
“These Canadians make heavy use of tax deductions and credits, and generally find ways to…
Yellen asked to exclude tax credits from the overall minimum tax
Treasury Secretary Janet Yellen must take action to protect tax incentives from the impact of…
Minimum tax for billionaires could pose difficulties
The so-called billionaire minimum tax contained in President Joe Biden’s fiscal year 2023 budget proposal…
Attacking billionaires who avoid taxes, Biden proposes a minimum tax for the ultra-rich – ProPublica
ProPublica is a nonprofit newsroom that investigates abuse of power. Sign up to receive our…
Remove proposed minimum tax for listed companies
KARACHI: The Karachi Tax Bar Association (KTBA) has recommended the elimination of the minimum tax…
A Look at the Alternative Minimum Tax Calculation – Trail Daily Times
Alternative Minimum Tax (AMT) is a separate method of tax calculation made by the Canada…
Global minimum tax hits snag as EU states disagree on directive – EURACTIV.com
EU member state finance ministers failed to reach unanimous agreement on the EU directive to…
Global minimum tax and rebuilding better incomes
The global minimum tax has upended many conversations about international tax policy, including in the…
The Global Minimum Tax and its Potential Impact on Multinational Business Planning in Singapore
Singapore is a well-known magnet for global hubs, alongside Hong Kong, Ireland and Switzerland, with…
IRS Form 6251: Alternative Minimum Tax (AMT)
Wealthy couple who narrowly avoided triggering AMTIRS Form 6251, Alternative Minimum Tax-Individuals, determines the amount…
Does the alternative minimum tax apply to you
The Alternative Minimum Tax (AMT) ensures that people in higher tax brackets pay minimum tax…
Congress should close the book on the failure of the minimum book tax
While Republicans and Democrats may disagree on the best tax policies to create well-paying American…
The government is reducing the alternative minimum tax for cooperative societies. Details
Union Budget 2022: Finance Minister Nirmala Sitharaman proposed on Tuesday to reduce the Alternative Minimum…
Minister: Estonia cannot tolerate the EU’s overall minimum tax rate in its current form | Politics
Pentus-Rosimannus was at Tuesday’s meeting of EU finance ministers where opposition to the package, which…
Bermuda’s tax status will be affected by a minimum tax rate of 15%
According to Fitch Ratings, the net profitability gap between Bermuda-incorporated and non-Bermuda-incorporated companies is expected…
Poland and Hungary want to slow French push for minimum tax directive – EURACTIV.com
EU directive to implement a minimum corporate tax rate of 15% is meeting resistance from…
EU’s way forward on global minimum tax up for debate – MNE Tax
By Doug Connolly, MNE Tax EU member states disagree on various issues related to the…
UK sets out approach for implementing global minimum tax – MNE Tax
By Doug Connolly, MNE Tax On January 11, the British government opened a consultation on…
According to BIAC, OECD “complex” minimum tax rules pose “major political problems” – Taxation of multinational companies
By Doug Connolly, Multinational Corporate Taxation In a January 6 letter to the OECD, the…
Are you liable for the “dreaded” alternative minimum tax? Read this before you file your taxes
The Tax Cuts and Jobs Act 2017 (TCJA) made the Alternative Minimum Tax (AMT) rules…
“Minimum corporate tax” fundamentally clashes with Democrats’ view of the tax code
TThe Biden administration opposes a much-touted Democratic “minimum business tax”, and the administration will win.…
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Form 6251: Definition of Alternative Minimum Tax for Individuals
What is Form 6251: Individuals with Alternative Minimum Tax? Form 6251: Alternative Minimum Tax-Individuals is…
Debate: Should Congress impose a minimum tax of 15% on companies making at least $1 billion in profits?
In late October, Democrats in Congress introduced a proposed minimum corporate income tax as part…
Global Minimum Tax Closes in on Reality as OECD Sets Model Rules
NEW YORK: A global minimum tax is on the verge of becoming a reality as…
OECD interim report on the second pillar
The Organization for Economic Co-operation and Development (OECD) released on December 20, 2021 its long-awaited…
Two Model Rules for the National Implementation of the 15% Global Minimum Tax
As the COVID-19 pandemic continues and global labor markets continue to struggle, the latest report…
EU keeps global minimum tax rate despite US standoff – POLITICO
Press play to listen to this article The European Commission put a marker Wednesday on…
EU Directive Defines Approach to Global Minimum Tax and Adds National Application – MNE Tax
By Doug Connolly, MNE Tax The European Commission today published its proposal directive implement within…
The OECD publishes model rules for an overall minimum tax of 15%
The Organization for Economic Co-operation and Development (OECD) published detailed rules on Monday for the…
Global minimum tax rates: OECD publishes detailed rules
The model rules, released by the Organization for Economic Co-operation and Development (OECD), are…
US tax bill stumbles as OECD rolls out global minimum tax rules – MNE Tax
By Doug Connolly, MNE Tax The path to U.S. implementation of the internationally agreed global…
Biden’s minimum tax increase compared to Biden’s corporate tax rate increase
As the Senate considers which components of the House Build Back Better Act (BBBA) to…
Treasury concerns over Biden plan’s minimum tax key – The Royal Gazette
WASHINGTON — Senior US Treasury Department officials have expressed reservations about the new minimum tax…
Weaver: Beyond the Numbers: Global Minimum Tax Explained
Covering the core elements of the global minimum tax envisioned by the world’s largest economies,…
Big business looks to Senate to ease minimum tax on budget bill
The Joint Committee on Taxation estimates that the minimum tax would generate $ 318.9 billion…
Why we are considering a minimum corporate tax
One of the provisions buried in the Build Back Better bill is the implementation of…
Minimum tax rules give first glimpse of the world under the Global Compact
The OECD is working on rules that will give businesses a clearer picture of how…
Who is affected by the minimum book tax?
The current version of the reconciliation bill, the Build Back Better Act, attempts to meet…
Minimum tax on books to build better
The Build Back Better Act (BBBA) would increase taxes to pay for social spending programs.…
Corporate minimum tax in Build Back Better faces opposition
The inclusion of tax-exempt income in a proposed federal alternative minimum corporate tax bill in…
Spain introduces a minimum tax of 15% for companies – MNE Tax
By Ramon Bonell, EURTAX.com, Madrid Spain’s 2022 budget establishes a minimum corporate tax rate of…
Calculation of minimum tax: LHC sends notice of contempt to FBR
ISLAMABAD: The Lahore High Court (LHC) issued notices of contempt of the Federal Board of…
Global minimum tax will work if implemented, says OECD’s Saint-Amans – MNE Tax
By Doug Connolly, MNE Tax OECD tax policy director Pascal Saint-Amans in a Nov. 4…
It would be a mistake to resurrect the alternative corporate minimum tax
The latest version of the Biden administration’s Build Back Better reconciliation program reintroduces a policy…
Democrats consider raising minimum tax rates to offset SALT expansion
Democrats are considering extending the minimum tax rates that some high earners will have to…
Global minimum corporate tax plan explained: how the G20-backed tax would work
ROME – One of the takeaways from the recent G20 summit in Rome is the…
American Institute of CPAs Suggests Congress Reconsider Corporate Minimum Tax – MNE Tax
The minimum corporate tax included in the budget reconciliation bill would create undue complexity and…
Senate Democrats release minimum corporate income tax | Brownstein Hyatt Farber Schreck
On Tuesday evening, Senate Finance Committee Chairman Ron Wyden (D-OR) and Senses Angus King (I-ME)…
G20 leaders approve the global minimum tax on large corporations | New
The leaders of the world’s 20 largest economies have approved a 15% global minimum tax…
G20 leaders approve global minimum corporate tax at Rome summit
Leaders of the world’s largest economies on Saturday approved a global minimum corporate tax as…
Explained: Africa’s uncertainty over the OECD’s minimum tax plan
Kenya and Nigeria have pulled out of a global tax reform plan that prevents multinational…
G-20 leaders approve global minimum tax
Leaders of the world’s largest economies endorse the establishment of a global minimum tax at…
The proposed minimum corporate income tax – key elements
On October 26, 2021, Senators Elizabeth Warren (D-MA), Angus King (I-ME) and Ron Wyden (D-OR),…
Alternative Minimum Tax, Tax on unrealized capital gains
Tax reform should simplify the tax code. Instead, Congress is debating new ways to increase…
Changes to the US tax plan, with minimum corporate tax, rate hikes – MNE Tax
By Doug Connolly, Multinational Corporate Taxation Update October 28, 2021: Framework released. Confirms 15% minimum…
Proposed global minimum tax could create double taxation for some insurers: AM Best
Given accounting differences between global insurance companies in different jurisdictions, a new global minimum tax…
Sinema supports the corporate minimum tax proposal
Senator Kyrsten SinemaKyrsten Sinema With extreme gerrymanders locked down, Biden must make preserving democracy a…
The minimum tax on accounting income would affect the remuneration of shares
One of the ways that employees can be compensated for their work, in addition to…
Global minimum tax could reduce Bermuda’s competitive advantage: Fitch
The net profitability gap between companies incorporated in Bermuda and non-Bermuda may narrow over time…
Biden to Meet Pope, Push for Global Minimum Tax at G20 in Rome | Investment News
WASHINGTON (Reuters) – President Joe Biden will meet Pope Francis on October 29 before attending…
Germany could raise an additional $ 7 billion with global minimum tax rate – Ifo report
By Christian KraemerWASHINGTON, Oct. 13 (Reuters) – Germany can expect to raise an additional €…
What the Global Minimum Tax Agreement Means for India
G-20 finance ministers are due to meet in Washington today to discuss the 15% global…
Technology adopts global corporate minimum tax
A new global deal to levy a near-universal 15% minimum tax on corporate profits could…
Yellen Says ‘Confident’ US To Implement Global Minimum Tax
US Treasury Secretary Janet Yellen, pictured on October 6, 2021 in the White House, said…
Reviews | Will a global minimum tax end the race to the bottom of tax havens?
Economics teachers like to have a fun competition with their students to introduce them to…
U.S. Treasury Secretary Janet Yellen Confident Global Minimum Tax Rate Will Go Through Congress
Treasury Secretary Janet Yellen said yesterday she was confident the U.S. Congress would approve legislation…
Yellen of the US Treasury is convinced Congress will pass the global minimum tax
The parliamentary maneuver known as budget reconciliation would allow Democrats to act without Republican votes…
Countries unite to end tax havens, agree to 15% minimum tax rate
Many of the world’s most powerful nations came together on Friday with the intention of…
Nearly 140 countries reach agreement on corporate minimum tax
Nearly 140 countries reach agreement on corporate minimum taxThe deal announced on Friday calls for…
What does the new global tax treaty contain?
To note: This article was originally published on July 1, 2021, but has been updated…
Hungarian FM seems to move on global minimum tax in talks with Blinken – EURACTIV.com
Foreign Affairs and Trade Minister Péter Szijjártó met his American counterpart Antony Blinken in Paris…
Global minimum tax in the final stages of finalization: Nirmala Sitharaman
Global minimum tax is in final stages of finalization, Finance Minister Nirmala Sitharaman saysIndia is…
global minimum tax: India is in the final stages of finalizing the details of the global minimum tax
Finance Minister Nirmala Sitharaman said on Wednesday that India was “very close” to getting to…
France sees a possible compromise on a global minimum tax rate of 15%
PARIS – An updated plan for a global corporate tax overhaul has dropped “at least”…
Kenya: minimum tax decision eases Treasury pledge to IMF
Kenyan taxpayers are not yet out of the woods, even after the minimum tax was…
A Global Minimum Tax and Cross-Border Investment: Risks & Solutions
 Launch U.S. International Tax Reform Resource Center Key Findings The political effort to address…
Sri Mulyani talks about an alternative minimum tax plan
TEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati said the government would set the criteria…
Polish agreement introduces new minimum corporate tax – MNE Tax
By Dr. Monika Laskowska, Center for Tax Analysis and Studies, Warsaw School of Economics On…
The Treasury minimum tax argument rests on a narrow interpretation of the rules
On Tuesday, the US Treasury Department published a blog written by Treasury officials Itai Grinberg…
Allan Lanthier: The Liberals want to impose a minimum tax? We already have a minimum tax
Breadcrumb Links New PF comment Election 2021 Liberal proposal could deny donation credits to people…
Liberals propose a minimum tax of 15% on the highest earners
While the Liberals had previously announced housing and profit taxation policies for large financial institutions,…
Too early to say how the minimum tax will affect captives
The potential impact of proposed global minimum tax rates remains difficult to assess, according to…
Analysis of minimum tax revenues in the United States
Correction (08/25/2021): Due to a minor error in our multinational tax model, many of the…
Does your state have an Individual Alternative Minimum Tax (AMT)?
This week’s map shows the five states that have an alternative minimum tax (AMT) in…
Global minimum tax: An easy fix?
The OECD has been working on a package of proposals to deal with tax issues…
Gulf Cooperation Council countries and businesses prepare for global minimum tax – MNE Tax
By Raman Ohri, Head of Direct Taxation, Keypoint, Bahrain The July 1 inclusive framework agreement…