vimarsana.com

Latest Breaking News On - York law school professor michael santorelli - Page 1 : vimarsana.com

Amazon Tax could harm 5G broadband buildout

As the midterms approach, the White House may resurrect earlier proposals to overhaul the corporate tax program. One component, sometimes called the “Amazon tax,” would impose a 15 percent minimum tax on large corporations’ book income (the income reported to investors on financial statements) rather than taxable income, to ensure all companies pay each year. This impulse may seem egalitarian. But because of a quirk in accounting rules governing spectrum licenses, this proposal disproportionately harms wireless companies and could deter broadband buildout.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.