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Senate’s ‘Unpleasant Surprise’ Hurts Tax Breaks for Tech, Others

The alternative minimum tax is seen falling on almost all companies.

By Lynnley Browning, Bloomberg | Updated on December 04, 2017

One of the last-minute, late-night changes Senate Republicans made to their tax overhaul plan may mean higher taxes for corporations, including technology firms, than the bill’s drafters intended, experts say.

As amended, the Senate tax bill would preserve the existing 20% corporate alternative minimum tax, a levy designed to stymie companies’ tax avoidance that applies to fewer than 1% of U.S. companies under current law.

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