A U.S. Treasury Department official acknowledged Monday that the agency has thus far put forth only limited guidance on carrying out the new corporate alternative minimum tax but said officials are working to come up with a comprehensive set of rules. Enacted in August under the Inflation Reduction Act (117 P.L. 169), the alternative minimum tax, or AMT, affects companies that report more than $1 billion in global adjusted financial statement income — as averaged over three years — and pay less than 15% of that amount in tax.
A&M Managing Director Kevin M. Jacobs presented at this year's Tax Executive Institute Conference, where he and fellow panelists discussed the challenges of the new corporate AMT and identified key areas that still need guidance. His comments have been highlighted by publications Tax Notes and Law360.
India Tax Alert | Supreme Court Redefines Tax Treaty Protection: GAAR Trumps DTAA in Indirect Transfers
January 16, 2026
In its landmark judgment dated January 15, 2026, in the case of Tiger Global International III Holdings and others, the Honorable Supreme Court (SC) has set aside the Delhi High Court’s (HC) decision dated August 28, 2024.
India Tax Alert | Supreme Court Clarifies Taxability on Amalgamation: The “Commercial Realizability” Test
January 13, 2026
In a landmark ruling, the Supreme Court has introduced the “commercial realizability” test to assess taxability in share substitution cases, holding that freely marketable shares with definite commercial value may give rise to taxable business income.
A&M Tax – Monthly Recap of EU and Dutch Tax Developments
January 13, 2026
The “Monthly Recap” is A&M’s monthly newsletter providing a concise overview of EU and Dutch tax developments.
Mexican General Tax Rules for 2026: Changes Applicable to the Financial Sector
January 12, 2026
Overview of MFRL 2026 reforms impacting MITL, VATL, credit institutions, insurers, and capital repatriation compliance in Mexico.
