U.S. President Donald Trump (R) and King Abdullah II (L) of Jordan participate in a joint news conference at the Rose Garden of the White House April 5, 2017 in Washington, DC. President Trump held talks on Middle East peace process and other bilateral issues with King Abdullah II. (Photo by Alex Wong/Getty Images)
How do big companies really feel about the Trump administration’s corporate tax plan? The answer isn’t quite as simple as a lower topline corporate tax rate might suggest. For some clarity on the issue, I spoke with DuPont’s vice president of tax Mary P. Van Veen. Speaking from her vantage point on the front lines of high stakes corporate tax, Van Veen warns that getting tax reform right will require a delicate balancing act.
Large U.S. corporations – and their investors – are waiting with bated breath for a formal announcement from the Trump administration on its official plan for corporate taxes. For good reason. Trump’s campaign promises for a 15% corporate tax rate and a repatriation tax holiday were largely responsible for the “Trump bump” stock market rally that had the S&P 500 up 6% through March 20 of this year. Then, on March 21, amid new fears that the administration could delay those tax cuts, the market suffered its worst one-day performance since before Trump’s election. Markets fell further over the course of the last week as the failed Republican healthcare bill raised further questions about the Trump administration’s ability to deliver on his ambitious economic agenda.
Hot Safest Stocks To Own For 2018: Enerplus Corporation(ERF)
- [By Money Morning News Team]
Enerplus Corp. (NYSE: ERF) is a $2.1 billion oil company based in Calgary and trades on both the NYSE and Toronto Stock Exchange. ERF primarily produces crude oil in the Bakken fields in North Dakota and Western Canada.
Hot Safest Stocks To Own For 2018: Polaris Industries Inc.(PII)
- [By Elizabeth Balboa]
Supply could come from any number of industry players, including Winnebago Industries, Inc. (NYSE: WGO), Thor Industries, Inc. (NYSE: THO), Polaris Industries Inc. (NYSE: PII) and Camping World Holdings Inc (NYSE: CWH). However, whether it comes from existing inventory and whether suppliers can meet the demand are yet to be seen.
- [By Steve Symington]
Polaris Industries Inc.(NYSE:PII)announced first-quarter 2017 results on Tuesday morning, punctuated by a narrower-than-expected net loss, improving retail sales in North America, and stabilizing off-road vehicle (ORV) market share.
Hot Safest Stocks To Own For 2018: Mercury Systems Inc(MRCY)
- [By Lisa Levin]
Mercury Systems Inc (NASDAQ: MRCY) shares shot up 15 percent to $19.00 after the company agreed to acquire the embedded security, RF and Microwave and custom microelectronics businesses of Microsemi Corporation (NASDAQ: MSCC).
- [By Lisa Levin]
Mercury Systems Inc (NASDAQ: MRCY) shares shot up 15 percent to $18.94 after the company agreed to acquire the embedded security, RF and Microwave and custom microelectronics businesses of Microsemi Corporation (NASDAQ: MSCC).