[20210407]IN11646_利用美国国税局（IRS）的汇总数据看大公司的账面税收差异.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i A Look at Book-Tax Differences for Large Corporations Using Aggregate Internal Revenue Service (IRS) Data April 7, 2021 The 117th Congress may consider policies that would tax book income, or income as reported on financial statements. President Biden has proposed a 15% minimum tax on book income. Senator Elizabeth Warren has announced her intent to propose a tax on book income, which would be structured as an add-on tax or surtax. This Insight examines IRS data on aggregate values of financial statement income (“book income”) and income as reported on tax returns for corporations filing IRS Schedule M-3 (corporations with assets of $10 million or more). Corporations file Schedule M-3 to reconcile financial statement income to tax income. Aggregate IRS Data on Book-Tax Income Differences Media reports identify companies that report profits, but report no taxes, on publicly available financial disclosure reports (Zoom is one of the latest examples). Publicly traded companies publicly disclose comprehensive financial information on the Form 10-K, which is filed with the Securities and Exchange Commission (S