Includes “The Biden Administration will likely revisit the Tax Cuts & Jobs Act, the outgoing administration's signature legislative achievement enacted in 2017, to free up money for infrastructure and other priorities. … Expect the top corporate tax rate to rise to 28%, from 21%, and a new 15% minimum tax on book income for companies with net income of more than $100 million but owe no U.S. income tax …” (Note: For a reading list to get up to speed on the issues involved in basing an alternative corporate income tax on book income, see this bibliography.)

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