Democrats accuse Treasury of creating new business tax loopholes

Democrats in the House and Senate say that new Treasury regulations will allow large corporations to avoid paying the corporate alternative minimum tax (CAMT).

The CAMT is a sweeping tax rule that Democrats updated in the 2022 Inflation Reduction Act and that Republicans largely left in place in their One Big Beautiful Bill Act earlier this summer, to the surprise of many in the accounting field.

…

Read the full story here.

• Print
• Email
• Tweet