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Wall St upbeat over 'tax holiday'

Trump's proposed tax reform of 10% from 35% for companies bringing back profits to the US is getting merger bankers excited

Mr Weinberg said that if there were a significant reduction of the tax rate, companies would bring at least US$1 trillion back, an amount large enough to affect the prices of equities and debt.

New York

US PRESIDENT-ELECT Donald Trump has said he would like to create a "tax holiday" so that American companies can bring back profits that were generated overseas at a lower rate. In his view, this influx of cash will create jobs. But corporate boards and executives may have...