The phrase "a minimum tax of" is correct and usable in written English.
It can be used when discussing taxation policies or financial regulations that establish a baseline tax amount that must be paid.
Example: "The government has implemented a minimum tax of 15% on corporate profits to ensure that all companies contribute fairly to public services."
Alternatives: "a base tax of" or "a floor tax of".
A minimum tax of 25% on banks' bonus funds could net £1.5bn to create jobs for young people and help to develop the future green economy.
The New Jersey tax, the Petroleum Products Gross Receipts Tax, amounts to 2.75percentt of the price of refined petroleum products, from grease to diesel fuel, with a minimum tax of 4 cents a gallon on gasoline, based on a price of $1.44.
Buffett has suggested the wealthy pay a minimum tax of 30percentt of their incomes.
About $55 billion would be raised by imposing a minimum tax on incomes of $1 million or more and ending some business deductions, while an equal amount of spending would be reduced from targeted cuts to defense and farm subsidies.
Mr. Packwood noted that another part of his proposal would subject corporations to a minimum tax on the basis of their pretax income so that they could not escape taxation by taking advantage of tax preferences.
Part of the Obama plan includes a minimum tax on the overseas income of United States-based corporations.
"The President's Framework for Business Tax Reform",issued in February 2012, proposed a continuation of our current deferral system, but with the addition of a minimum tax on overseas profits to discourage profit shifting.
The House rejected almost 2 to 1 an amendment in behalf of a minimum tax on corporations, which would have been used to lower tax rates or trim the deficit.
It is the IRS' way of imposing a minimum tax on individuals who have substantial deductions or tax credits that cut their regular tax bill).
Gridlock in Washington has reached a new peak – President Obama proposed the Buffett Rule, which would have raised a very small amount of additional revenue by creating a minimum tax rate of 30 percent on all income over $1 million, and the Republicans immediately blocked consideration of it in the Senate.
The new bill would increase all the incentives, creating a minimum tax credit of 20 percent for eligible productions with a budget of $625,000 or more.
