Former President Donald Trump Wants To Bring Corporate Tax Rate To As Low As 15%, And He No Longer Plans To Ban TikTok
Portfolio Pulse from Benzinga Newsdesk
Former President Donald Trump has proposed reducing the corporate tax rate to as low as 15% and has dropped plans to ban TikTok, according to a Bloomberg Businessweek interview.
July 16, 2024 | 9:13 pm
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POSITIVE IMPACT
Amazon could benefit from a reduced corporate tax rate, potentially increasing profitability.
A lower corporate tax rate would directly reduce Amazon's tax expenses, potentially boosting net income and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Alphabet (Google) could see financial benefits from a lower corporate tax rate, enhancing profitability.
A reduced corporate tax rate would lower Alphabet's tax burden, likely increasing its net income and positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Meta Platforms could benefit from a lower corporate tax rate, potentially increasing profitability.
A lower corporate tax rate would reduce Meta's tax expenses, potentially boosting net income and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Snap Inc. could benefit from a reduced corporate tax rate, potentially increasing profitability.
A lower corporate tax rate would directly reduce Snap's tax expenses, potentially boosting net income and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF could see a positive impact as a lower corporate tax rate would benefit many of its constituent companies.
A lower corporate tax rate would benefit many companies within the S&P 500, potentially boosting the overall market and the SPY ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70