How Private Equity Lobbying Watered Down the Corporate Minimum Tax
The new corporate minimum tax is not law yet and is already rife with exceptions for the businesses that might have to pay it.
The new corporate minimum tax is not law yet and is already rife with exceptions for the businesses that might have to pay it.
The latest effort to narrow the preferential tax treatment used by private equity executives failed after Senator Kyrsten Sinema objected.
Changes demanded by Senator Kyrsten Sinema will preserve a tax loophole that Democrats have complained about for years.
Senator Kyrsten Sinema had one main request before she would support a key spending bill: Preserve a tax loophole that mainly benefits people in private equity.
Government must do more to clip its wings.
