Question: 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

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?

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