The CHIPs Act includes tax credits for chip manufacturing. The Inflation Reduction Act includes provisions to ensure certain large US companies pay a minimum rate of 15%...
So, does anybody know the details? Do they cancel? Anybody from accounting know the details?
The politicians run around and say they are going to punish the evil companies that don't pay a high enough tax rate, but it is the very government that gave the tax breaks to the companies in the first place. In this case, just a few months apart between the bills.