Wall Street Journal: Corporate Minimum Tax Resurfaces

But there is little evidence that immediate expensing significantly encourages more investment, said Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy, a progressive think tank in Washington.

That may be in part because a key audience for corporations—their investors—typically watch net income and per-share earnings, which aren’t affected by immediate expensing.

“Everyone assumes it’s going to encourage investment—there’s not really any evidence that it does,” Mr. Wamhoff said. Read more

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