US companies set to be big winners from Trump’s tax reform

Oil refiners, airlines, banks and Buffett group among the beneficiaries 

 US companies are expecting sharp increases in earnings next year as Republicans in Congress remove the final obstacles to their overhaul of the US tax system, with a bill likely to be passed into law this week. Analysts and executives expect corporate earnings to be boosted by an average of about 10 per cent, with some companies set to see significantly higher benefits of up to 30 per cent, thanks to the proposed reduction in the main rate of US federal corporate tax from 35 per cent to 21 per cent.,,,,,,

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Companies with relatively high tax rates and mainly US-based revenues, which are not hit by the new charge on overseas assets, will gain the most from the new code. Oil refiners, railroads, airlines and banks are expected to be among the biggest beneficiaries.,,,,,,,,
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Banks are also expected to be significant winners. KBW calculated that earnings per share in 2018 would be about 20 per cent higher for JPMorgan Chase and 21 per cent higher for Wells Fargo under a 20 per cent tax rate.,,,,,,,,,,
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https://www.ft.com/content/9eef31ba-e13d-11e7-8f9f-de1c2175f5ce



And, oh yea,,,,, I get a 2% tax cut which turns into a tax INCREASE in 2025.

Last edited by Goose (12/18/2017 7:37 am)