Reinvest in business

Part of the Inflation Reduction Act was placing a 15% surtax on all corporate profits about one billion dollars. If companies are reducing taxes by accelerated depreciation, offshoring profits, awarding stock options or maximizing tax credits then change the law. Companies that avoid taxes by reinvesting in the business should be left to do so. Amazon topped the list of US companies in R&D spending at $22 billion. Many of their innovations come from this spending. Amazon's investment in property, plant and equipment make it eligible for tax credits amounting to $60 over the past five years. The result is over the past 28 years Amazon went from one employee to 1.6 million employees. When companies use profits to reinvest this creates new jobs and that is one of the purposes of business. It is the best part of capitalism.