Page 48 - Large Business IRS Training Guides
P. 48
Base Erosion Minimum Tax Amount
tax amount (“BEMTA”) is
Base erosion minimum
the excess, i
f any, of –
• BEAT rate x Modified Taxable Income (“MTI”)
over
• regular
tax liability (as defined by section 26(b))
reduced (but not below zero)
for the taxable year
by the excess, if any, of
• Credits allowed under Chapter 1 against regular
tax liability over
• The sum
of certain credits (discussed further
below)
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