U.S. Treasury Announces Proposed Rules For 15% Corporate Alternative Minimum Tax On Companies With $1B In Annual Profits, Limiting Income Deductions, Credits; Estimates Corporate Minimum Tax To Generate More Than $250B From About 100 Of The Largest, Most Profitable U.S. Companies Over 10 Years, $20B In 2025
Portfolio Pulse from Benzinga Newsdesk
The U.S. Treasury has proposed rules for a 15% corporate alternative minimum tax targeting companies with $1 billion in annual profits. This tax is expected to generate over $250 billion from about 100 of the largest U.S. companies over 10 years, with $20 billion anticipated in 2025.
September 12, 2024 | 1:10 pm
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The proposed 15% corporate alternative minimum tax could impact the largest U.S. companies, many of which are part of the S&P 500 index tracked by SPY. This may affect SPY's performance as it includes these companies.
The SPY ETF tracks the S&P 500, which includes many of the largest U.S. companies that will be affected by the new tax. This could lead to changes in earnings and valuations, potentially impacting SPY's performance.
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