Corporate tax officials urged the Treasury Department to finish and release an expected regulatory workaround to ensure that the corporate book-income tax won’t limit the benefits they derive from last year’s giant tax-and-spending law.
Action by Treasury “may give us some relief” on concerns raised by the interplay of the corporate alternative minimum tax and a research-and-development tax break and other business-friendly provisions in the 2025 law, said Roberta Swanson, global head of tax at Qualcomm Inc.
Qualcomm may be able to reverse “a big portion” of a $5.7 billion charge it took because of CAMT if the ...