UNLOCK THE POWER OF THE VAULT

What We Know About Corporate Winners and Losers in U.S. Tax Bill

December 5, 2017

What We Know About Corporate Winners and Losers in U.S. Tax Bill

December 4, 2017 | Bloomberg

United States Capitol Building, Washington, DC

(Bloomberg)—The tax bill passed by Republicans in the U.S. Senate over the weekend may boost profits for industries from banking to retail to fossil fuels. It also could put the squeeze on hospitals and renewable energy firms.

While the plan is still subject to revision, the centerpiece of the existing legislation is a reduction in the corporate income tax rate to 20 percent from the current 35 percent, along with a provision that allows some companies to bring back hundreds of billions of dollars in foreign profits at a lower rate than they otherwise would’ve paid.

The Senate bill preserves the alternative minimum tax for corporations after originally proposing to eliminate it. With the regular corporate rate now set to drop to 20 percent -- the same as the corporate AMT -- it’s unclear if companies would be able to use research and development credits to lower their tax bills.

Read Full Article Here

 

Print Friendly, PDF & Email
Go Back
default image

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.

John E. Moriarty, ChFC Founder & President, e3 ConsultantsGROUP December 2015 February 3, 2016