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A Few Companies Could Bear Brunt of New Minimum Tax

Research by the UNC Tax Center shows just six publicly traded U.S. companies, including Amazon and Warren Buffett’s Berkshire Hathaway Inc., would have paid half the estimated $32 billion in revenue generated by a 15% corporate minimum tax signed into law last month. “Who actually pays a lot is just not very many firms at all,” said Jeff Hoopes, UNC Kenan-Flagler Business School professor and the center’s research director. “My guess is it will not be the same firms every single year.” The study, co-authored by Hoopes and Research Associate Christian Kindt, received coverage in the Wall Street Journal, Barron’s, Bloomberg, Yahoo! Finance and CNBC.

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