The U.S. Congressional Research Services (CRS) has published an "In Focus" report dated 1 August 2022 on the Corporate Minimum Tax Proposal included in the Inflation Reduction Act of 2022.

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The Corporate Minimum Tax Proposal

The Inflation Reduction Act of 2022 (H.R. 5376) would impose a minimum tax of 15% on the adjusted financial statement income of large corporations. Corporations wou…