A handful of large companies could bear most of the burden from a 15% corporate minimum tax. Researchers analyzed securities filings to determine what companies would have paid if the tax had been in place last year. They found fewer than 80 publicly traded U.S. companies would pay any tax in 2021. Amazon and Warren Buffett’s conglomerate could bear half of the estimated $32 billion in revenue the levy would have generated. The tax was signed by President Biden last month; it is expected to take effect next year.Read Long Article
