The corporate minimum tax could hit these ultra-profitable companies
correction
A previous version of this article incorrectly included Union Pacific in the table of profitable companies with low taxes rates because of an error in the source data. Its cash effective tax rate for the last three years is 18 percent.
On Friday the House passed the Inflation Reduction Act, which includes a minimum tax rate of 15 percent on highly profitable companies — a levy that could hit Amazon, Verizon and others.
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