How could the new US corporate minimum tax affect companies? ...Qatar

The main revenue source in the US Senate’s newly passed tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code to slash their tax bills to zero. The nonpartisan Joint Committee on Taxation estimates that the new tax will add around $222bn to US government coffers over the next 10 years, down from a previous projection of $313bn after last-minute changes to the bill. It will apply to companies with more than $1bn in “book income,” the profits they report to shareholders before the effects of tax deductions and credits. Here are some key details on how it would work: What is the corporate min

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