Tax reforms might boost M&A with main impact from repatriation, says Zacks
An analysis from the investment research firm Zacks Investment Research has considered the impact that US President Donald Trump’s proposed tax reforms could have on large-cap pharma companies based in the USA.
Mr Trump has proposed to lower the current corporate tax rate of 35% to 15%, along with the creation of a territorial tax system for American companies to create a level playing field.
"The repatriation will benefit large drug/biotech companies more than the tax savings due to rate cuts"
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