These 10 companies face huge tax bills with the Democrats new 15% minimum corporate tax
$American Water Works(AWK.US$ has recently enjoyed a cash tax rate of 0.1% and has brought in a pretax profit of $1.1 billion on average in the past three years. Its peer, $Ameren(AEE.US$, has had a 0.1% cash tax rate and pretax profit of $1.1 billion, as well.
$Advanced Micro Devices(AMD.US$ has had a 1% tax rate and average pretax profit of $1.8 billion. $NVIDIA(NVDA.US$ has had a 4.7% tax rate and average pretax profit of $4.8 billion. $Broadcom(AVGO.US$ has had a 6.8% tax rate and pretax profit of $6.8 billon.
$Apollo Global Management(APO.US$ has had a 5.1% tax rate and pretax profit $2.3 billion.
$Ford Motor(F.US$ has had a 4.3% tax rate and pretax profit of $4.93 billion. $Tesla(TSLA.US$ has had a 5.3% tax rate and pretax profit of $2.3 billion.
$Amazon(AMZN.US$ has had a 9% tax rate and pretax profit of $25.4 billion.
$Salesforce(CRM.US$ has had a 3.1% tax rate and pretax profit of $1.6 billion.
These companies are candidates to see lowered earnings from higher taxes.
$Advanced Micro Devices(AMD.US$ has had a 1% tax rate and average pretax profit of $1.8 billion. $NVIDIA(NVDA.US$ has had a 4.7% tax rate and average pretax profit of $4.8 billion. $Broadcom(AVGO.US$ has had a 6.8% tax rate and pretax profit of $6.8 billon.
$Apollo Global Management(APO.US$ has had a 5.1% tax rate and pretax profit $2.3 billion.
$Ford Motor(F.US$ has had a 4.3% tax rate and pretax profit of $4.93 billion. $Tesla(TSLA.US$ has had a 5.3% tax rate and pretax profit of $2.3 billion.
$Amazon(AMZN.US$ has had a 9% tax rate and pretax profit of $25.4 billion.
$Salesforce(CRM.US$ has had a 3.1% tax rate and pretax profit of $1.6 billion.
These companies are candidates to see lowered earnings from higher taxes.
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