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Practice Listening: Fill in the Blanks (Type In)
ID: #36786
Short
Minimum Tax
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On the face of things, it seems both absurd and that large American companies regularly whittle down their tax bills, taking advantage of every loophole on . One study found that at least 55 big companies incurred no federal taxes at all on their profits in 2020. A being discussed as The Economist went to press, and as the Democratic Party scrambled to fund its social-spending package, seems to offer a popular solution: a minimum tax on earnings as reported to shareholders, rather than as massaged down when reported to tax .
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