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...But the business community is not happy with the fact that the bill sets 15 per cent minimum tax on the income of the largest corporations and also introduces a 1 per cent tax on share buybacks....
...Corporate America is not happy, of course. One big change is a new minimum corporate tax rate of 15 per cent. And there’s also a new 1 per cent tax on share buybacks....
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...Some think this type of course correction is necessary in a sector where valuations have soared....
...Here’s a handy table from Bank of America offering a similar outlook....
...corporations stores....
...There one can see the beginning of a correction that may have surprising impacts for both business and markets....
...Joshua FranklinI think it will be a similar trend for Bank of America and will be interesting to see whether or not they follow the likes of JPMorgan and Wells Fargo, which both increase their guidance for...
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...Andrew Edgecliffe-Johnson Well, one of the hot topics in the US right now is the Supreme Court’s recent decision to overturn Roe v Wade, the abortion ruling that had held for about 50 years....
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