In a note to clients on Wednesday, the analysts estimated that a single percentage point change in the statutory domestic tax rate would shift the income posted by S&P 500 companies by"slightly less than 1%," or about $2 of 2025 earnings per share"all else equal."
"A tax cut scenario in which the federal statutory domestic corporate tax rate declines from 21% to 15% would arithmetically boost S&P 500 earnings by about 4%," the analysts said."A tax hike scenario in which the rate rises to 28% would reduce earnings by about 5%." Both presidential candidates, Democrat Kamala Harris and Republican Donald Trump, have proposed possible overhauls to the corporate tax structure. However, the Goldman Sachs analysts noted that such changes"are not a given," adding that, because the candidates are not expected to preside over a US Congress that is fully controlled by their party,"campaign proposals do not always translate into legislative reality.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »