It now goes to President Joseph Biden for his signature. Called the “Amazon Tax,” it is expected to raise $222 billion over 10 years and $35 billion in 2023, Chris Senyek, chief investment strategist at Wolfe Research, said in a Thursday research note. The tax, set to take effect in 2023, imposes a 15% minimum tax rate on income as reported in GAAP financial statements. Read More...
It now goes to President Joseph Biden for his signature. Called the “Amazon Tax,” it is expected to raise $222 billion over 10 years and $35 billion in 2023, Chris Senyek, chief investment strategist at Wolfe Research, said in a Thursday research note. The tax, set to take effect in 2023, imposes a 15% minimum tax rate on income as reported in GAAP financial statements.
