Goldman Sachs Says G7 Tax Deal Is Small Headwind for S&P 500 EPS

A 15% global minimum tax rate would represent downside of just 1%-2% relative to current 2022 consensus EPS estimates for S&P 500 companies, Goldman Sachs strategists including Ben Snider write in note to clients.

• The direct impact of a 15% global minimum tax on U.S. corporate profits would depend on which other tax reforms, if any, become legislation later this year
  
  • In the context of a larger tax plan, a 15% minimum tax would represent a headwind of less than 1% to S&P 500 earnings
• Industries with low current effective tax rates and high foreign income exposure face the greatest ...