Companies Talk Up Tax Law’s Benefits
Major companies are touting the benefits of the GOP tax law. Nearly 20% of the Russell 3000 companies that have reported earnings so far this quarter have mentioned the law in their recent earnings calls.
Among the examples: AT&T is predicting up to $8 billion in cash savings over several years and General Dynamics says its book-to-bill ratio was aided by the law’s bonus depreciation.
The law’s provisions allowing immediate expensing of research and development, property, and new equipment are among the big breaks helping corporations.
“If you are now able to deduct a ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.