Berkshire Hathaway Could Face Big Tax Hit if Bull Market Resumes

Berkshire Hathaway

could face a sizable tax bill if the bull market resumes this year.

Ever since a 15% corporate minimum tax was included in the Inflation Reduction Act in 2022, there has been uncertainty about whether corporations would owe taxes on paper profits, or unrealized capital gains, on stocks starting this year. The treatment has long been that these paper profits created a deferred tax liability that is only…

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