It’s not good news ..earnings estimates could see a roughly negative 10.6% impact
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Glad to see it. Can't come soon enough.
Tax was cut but they had layoff anyway last September. They are going to cut spending to make profit, not to avoid tax. Meaning that if they know they can make more money by hiring more people, they will do that even if the tax is higher.
Unless you are arguing that at some point companies with higher revenue will have less net profit because the difference in tax is higher than the difference in revenue. Many people unfortunately think this way because they don't know that the increase in tax only apply on the difference/increase, not on their whole salary.
These are wolves tears for the well-being of the ruthless corporate monster which I feel no pity for..
So with current Corp tax of 21% , which was reduced from 35% in 2017. Many huge companies pay No tax, Don't think they will worry about the 7%.
Well that’s funny. Trump lowered corporate taxes and my job got sent to India within 24months.