How Alabama’s Election Could Reshape Washington’s Policy Battles: DealBook Briefing
- 6 years ago
How Alabama’s Election Could Reshape Washington’s Policy Battles: DealBook Briefing
• Even if the tax legislation is signed into law this year — we’ll get to the state of play in a moment, though there’s a chance things don’t get wrapped up
before the holidays — Republicans still have plenty of other issues, from health care to infrastructure spending, that will have to get through the Senate.
“Along with limits on the US share of worldwide interest expense
and the indirect effects of a 20 percent rate and changes to taxation of foreign profits, companies will have a greater incentive to issue debt abroad than they do under current law.”
“The current legislation would reduce the effective corporate tax rate by around 3 percentage points on average over the next ten years.”
The Republican tax plan likely overestimates the revenue gains from limiting the deductibility of state and local taxes, or SALT.
As the limitation of SALT deductibility is one of the largest sources of new revenue in the tax reform legislation,
the proposed tax cut could turn out to be much larger than expected if states successfully adapt to the changes.”
Apple’s purchase of Shazam for reportedly as much as $400 million, got us to wondering: How acquisitive has Apple been?
So argues Andrew in his latest column, citing the $1.5 billion in “synergies” — read, “cost-saving layoffs” —
that the analysts think the chip maker could reap by buying Qualcomm.
While some analysts and investors think Qualcomm might raise its bid for NXP as a way to deter Broadcom — which doesn’t
want the NXP deal to become any more expensive — Qualcomm says that for now it’s sticking by its $110-a-share offer.
• Even if the tax legislation is signed into law this year — we’ll get to the state of play in a moment, though there’s a chance things don’t get wrapped up
before the holidays — Republicans still have plenty of other issues, from health care to infrastructure spending, that will have to get through the Senate.
“Along with limits on the US share of worldwide interest expense
and the indirect effects of a 20 percent rate and changes to taxation of foreign profits, companies will have a greater incentive to issue debt abroad than they do under current law.”
“The current legislation would reduce the effective corporate tax rate by around 3 percentage points on average over the next ten years.”
The Republican tax plan likely overestimates the revenue gains from limiting the deductibility of state and local taxes, or SALT.
As the limitation of SALT deductibility is one of the largest sources of new revenue in the tax reform legislation,
the proposed tax cut could turn out to be much larger than expected if states successfully adapt to the changes.”
Apple’s purchase of Shazam for reportedly as much as $400 million, got us to wondering: How acquisitive has Apple been?
So argues Andrew in his latest column, citing the $1.5 billion in “synergies” — read, “cost-saving layoffs” —
that the analysts think the chip maker could reap by buying Qualcomm.
While some analysts and investors think Qualcomm might raise its bid for NXP as a way to deter Broadcom — which doesn’t
want the NXP deal to become any more expensive — Qualcomm says that for now it’s sticking by its $110-a-share offer.