Other areas of concern include the potential for higher tax burdens because of ownership changes. Liberty Media said a company with voting ownership in another business that goes above or below a 50% threshold has to do a revaluation of the ownership for book accounting purposes. This can create unrealized losses or gains and might result in large book minimum tax liabilities unless the government exempts these transactions, according to the company.
“If you have a lot of taxable dividends from subsidiaries that aren’t consolidated, it gives you much more book income than you would have had for regular income tax purposes, and therefore could be a big factor in throwing you into the corporate [alternative minimum tax] regime,” said Mr. Rievman.
How can we not pay. Lol
Only effects companies making billions. They couldn’t afford hiring someone to figure that out?
It’s about damn time these corporations pay some taxes! Thanks Joe Biden!
Yet New York spent 2 Billion on illegal aliens in 2021 !