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Exploring the Corporate Alternative Minimum Tax

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Affected companies will need to undertake complex calculations

In a Q&A article first published by Tax Analysts, Rayth Myers and Enrica Ma, both with Ernst & Young LLP’s National Tax Department in Washington, discuss the challenges and international tax issues companies will need to navigate when analyzing the impact of the Inflation Reduction Act’s Corporate Alternative Minimum Tax (CAMT). They urge companies to act now to understand how to identify and track the information they’ll need to comply with the CAMT, as well as to pinpoint company-specific issues so they may consider how to implement any necessary changes.

Contributors are Rayth Myers, Enrica Ma, Barbara Kirchheimer, Ernst & Young LLP.

Summary 

Companies should act now to be ready for CAMT compliance.

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