Corporate Tax

Amazon and Financial institution of America may get caught up in new corporate taxes

Amazon.com Inc., Bank of America Corp. and DISH Network Corp. are among the companies likely to owe more taxes if Congress passes a new corporate tax rate, according to an analysis.

Senator Elizabeth Warren, a Massachusetts Democrat who helped develop the proposal for a minimum tax on corporate profits on President Joe Biden’s economic agenda, released an analysis Thursday that found that at least 70 companies would pay more tax under the plan, based on that on their earnings in 2020.

The corporate minimum income in the tax and spending plan would require corporations to earn at least $ 1 billion …

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