The CTREEA ensures that large corporations, with annual gross revenues exceeding $200 million, contribute equitably to government revenue. Corporate income tax rates will be progressively structured, with higher rates applied to larger corporations.
Simultaneously, tax exemption loopholes that have allowed large corporations to minimize their tax liabilities through various means, such as offshore tax havens, will be closed. The IRS will actively enforce these provisions, conducting regular audits and investigations to ensure compliance.