Amazon and eBay on list of companies expected to pay corporate minimum tax
September 26, 2022
Large businesses, which have been able to avoid paying federal taxes in the past based on deductions, won’t have the option going forward following the passage last month of the 15 percent corporate minimum tax. Amazon.com, Berkshire Hathaway and eBay are on a short list of companies expected to be affected by the change in tax law.
Recent News
Indian Spice Exports Have Potential for Cancer-Causing Pesticide
An FDA Enforcement Report states that some Indian spice exports have the potential to contain a cancer-causing pesticide.
Tesla’s Full Self Driving Approval in China Sparks Stock Surge
Tesla shares shot up over 12% early Monday as CEO Elon Musk got the nod to launch “Full Self Driving” (FSD) tech in China.
Domino’s Shares Soar as Pizza Chain Defies Sales Expectations
Domino’s shares were up by almost 7% in pre-market trading thanks to the success of its new loyalty programs and various promotional offerings.
Express’s New Owner Brings Post-Bankruptcy Hope to Beleaguered Retailer
Express’s bankruptcy filing earlier this month had analysts concerned about the popular clothing retailer’s survival, but news about its new owner has given a glimmer of hope to both Wall Street and consumers alike.