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. --- 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 would pay the larger of the minimum tax or the regular tax. This tax would apply to taxable years beginning after December 31, 2022. Coverage of Firms The minimum tax would apply to corporations with $1 billion or more...