A look at corporate winners and losers in final US tax bill
Many predict bulk of the gains will go to shareholders
New York
NOW that Republicans in Congress have released their final tax bill, two big questions remain. What will companies do with all that cash, and who will benefit the most?
In the joint House-Senate legislation released on Friday, which is expected to be voted on this week, the crucial provisions for companies in earlier bills remained. They include a cut in the corporate rate, increased deductions for capital spending and lower levies on repatriating overseas profits.
One significant change from the Senate bill is that …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
Hilton lifts 2024 profit forecast on international travel demand
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%
Orsted says Taiwan wind project to power TSMC on track for 2025 finish
China knockoff raid jolts a global throng of fake-fashion influencers
Tesla profits tumble but shares rise on new vehicle plan