Treasury to Lift Tax Burden on Big Corps

Treasury Department to Announce New Tax Rule Benefiting Big Corporations: The upcoming guidance aims to let businesses fully use valuable tax breaks for research and development, potentially saving companies like Salesforce and Qualcomm a lot of money. This move comes after concerns from large corporations and their lobbyists in Washington about the fifteen percent minimum tax on companies earning at least one billion dollars. The new guidance is expected to fix issues for the business sector, particularly those in technology, pharmaceuticals, and manufacturing that invest heavily in research.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.