CNN New Day With John Berman and Brianna Keilar June 4, 2024 11:40:00
This income and i don't see it as a crucial discussion here. i think catherine is right that the book income tax, this minimum tax, is something you should be very, very worried about. the u.s. tried this in the 1980s and quickly gave it up because it does two things, one, it damages the financial reporting. you are now reporting your financial income for tax purposes and you start shading things to try to lower your taxes. the second thing it does is it really harms the firms you really don't want to tax. you've got taxable income of zero but you've got high book income that is correct means ...