HavenCo is a US corporation with extensive foreign operations. It had $270 million of average gross receipts over the prior three years. In the current year, Haven has US taxable income of $6,000,000. It also made base erosion payments to foreign related parties of $20,000,000. The corporate tax rate is 21%. 

How much, if any, additional BEAT tax will HavenCo owe? 

Answer rating: 100% (QA)

Answer To calculate the additional BEAT Base Erosion and AntiAbuse Tax for ... View the full answer