HomeLatest NewsThe Wall Street Journal: Large companies, like Amazon, could pay more with a 15% corporate minimum tax

The Wall Street Journal: Large companies, like Amazon, could pay more with a 15% corporate minimum tax

Democratic lawmakers are pushing a proposal that would seek to collect more taxes from dozens of large companies such as Amazon. com Inc. AMZN that record sizable profits but report little or no tax expense.

The push for a new corporate minimum tax comes as Democrats abandon plans to raise the 21% federal corporate rate to help fund spending on social programs and climate-change initiatives. Instead, they hope to raise hundreds of billions of dollars over 10 years by setting a minimum 15% federal tax rate on large companies,…

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