Reported about 1 month ago
Goldman Sachs analysts warn that U.S. Vice President Kamala Harris' proposed corporate tax increase from 21% to 28% could cut S&P 500 earnings by approximately 5%. If additional foreign income taxes and an increased alternative minimum tax are implemented, earnings could fall by up to 8%. In contrast, Trump’s proposed reduction to a 15% corporate tax rate could increase earnings by around 4%. The report highlights the significant implications of tax rate changes on corporate profitability.
Source: YAHOO