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re: Increasing corporate tax minimum for EARNED income
Posted on 8/7/22 at 10:00 pm to Taxing Authority
Posted on 8/7/22 at 10:00 pm to Taxing Authority
One thing I haven’t seen mentioned here is that these companies most likely have their financial statements audited, so it’s not like management has unfettered access to do whatever they want for book purposes.
Charging a tax on book income is ludicrous.
Charging a tax on book income is ludicrous.
This post was edited on 8/7/22 at 10:04 pm
1
Posted on 8/7/22 at 10:03 pm to hedgediver
Will be interesting to see how this impacts the overall concept of deferred income tax assets/liabilities when this would eliminate a large portion of the current year book go tax differences.
This post was edited on 8/7/22 at 10:04 pm
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