Warren, Senators Urge Yellen: Finish Corporate Minimum Tax Rules

Treasury must quickly complete work fully implementing the 15% corporate alternative minimum tax, senators led by Sen. Elizabeth Warren (D-Mass.) wrote in a letter to the agency.

“These rules are needed to address some of the complexities within the tax provision and proactively thwart off corporation-led efforts to frustrate the intent of the law,” the lawmakers also including Sens. Angus King (I-Maine), Michael Bennett (D-Colo.), and Rep. Don Beyer (D-Va.) wrote Tuesday to Secretary Janet Yellen.

• The 2022 tax-and-climate law prescribed a minimum 15% tax rate on companies making an average of $1 billion over a three-year period, but Treasury ...