2018-01-02 12:39:00 Tue ET
stock market competition macrofinance stock return s&p 500 financial crisis financial deregulation bank oligarchy systemic risk asset market stabilization asset price fluctuations regulation capital financial stability dodd-frank
Goldman Sachs takes a $5 billion net income hit that results from its offshore cash repatriation under the new Trump tax law. This income hit reflects 10%-15% tax payments that each large bank can spread over 8 years. Citigroup also expects to experience a temporary $20 billion net income hit due to offshore cash repatriation while Bank of America expects a similar one-time $3 billion net income hit. Several other banks such as JPMorgan Chase and Wells Fargo are likely to receive similar preferential treatment under the Trump tax holiday. This preferential tax treatment allows most financial institutions to repatriate offshore cash stockpiles to invest in domestic job creation, R&D innovation, and capital equipment usage.
In effect, the Trump tax holiday empowers multinational banks to experience short-term pains in exchange for long-term gains under the territorial tax system. This new tax law is a major legislative victory for the Trump administration with strong support from Republicans over the joint opposition of Democrats. The recent ripple effects apply not only to key multinational banks but also multinational corporations (especially tech titans such as Facebook, Apple, Microsoft, Google, and Amazon). Overall, the medium-to-long-term tax cuts can continue to extend the Trump stock market rally.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-05-11 09:37:00 Friday ET
OPEC countries have cut the global glut of oil production in recent years while the resultant oil price has surged from $30 to $78 per barrel from 2015 to 2
2026-01-31 10:31:00 Saturday ET
In recent years, several central banks conduct, assess, and discuss the core lessons, rules, and challenges from their monetary policy framework r
2020-06-03 09:31:00 Wednesday ET
Lean enterprises often try to incubate disruptive innovations with iterative continuous improvements and inventions over time. Trevor Owens and Obie Fern
2020-11-03 08:30:00 Tuesday ET
Agile lean enterprises break down organizational silos to promote smart collaboration for better profitability and customer loyalty. Heidi Gardner (2017
2019-10-03 17:39:00 Thursday ET
President Trump indicates that he would consider an interim Sino-American trade deal in lieu of a full trade agreement. The Trump administration defers high
2018-03-17 09:35:00 Saturday ET
Facebook faces a major data breach by Cambridge Analytica that has harvested private information from more than 50 million Facebook users. In a Facebook pos