Birdwatch Note Rating
2022-11-08 11:53:03 UTC - HELPFUL
Rated by Participant: EBDCB80B1EC4A9FB51C8A562377D72F9569692DEFFC8BC89098E1AC6E8D92423
Participant Details
Original Note:
While the Inflation Reduction Act reduces the number of large corporations that are non-payers of tax, its minimum tax applies to companies with $1 billion in annual income. Only 14 of the 55 largest U.S. companies that didn't pay tax in 2021 had that level of income. https://www.cnn.com/2022/11/05/politics/fact-check-biden-midterms-2022/index.html https://www.bakerinstitute.org/research/inflation-reduction-act-2022-corporate-minimum-tax-faces-major-issues
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