Law360 Quotes George Callas on Corporate Alternative Minimum Tax

Law360 quoted George Callas in a June 9 article titled "Biden Faces Tough Sell On Corp. Alternative Minimum Tax." The article discusses President Biden’s proposed 15% corporate alternative tax proposal. Critics believe that a minimum tax would largely target companies that have taken advantage of provisions in the Tax Cuts and Jobs Act (TCJA), such as the accelerate depreciation of new investments.

Callas comments, "It's mostly a back-door clawback of 100% bonus depreciation, which is a key TCJA policy."

The full article can be read at Law360.