U.S. Senator Elizabeth Warren (D-MA), has announced an updated proposal for the introduction of a new corporate minimum tax, together with Senator Angus King (I-ME), and Senate Finance Committee Chair Ron Wyden (D-OR). The proposed Corporate Profits Minimum Tax would provide for a minimum tax rate of 15% on companies reporting over USD 1 billion in profits to shareholders. The proposal would also preserve the value of business credits, including R&D, clean energy, and housing tax credits, and provide some flexibilities for companies to carry forward losses, utilize foreign tax credits, and claim a minimum tax credit against regular tax...