AMERICAN CONFECTIONERY AND SWEET BAKERY SECTOR BENEFITS FROM USA TAX CUTS
June 1st, 2018
THE SWEEPING overhaul of the United States tax code which took effect this year has offered a boost to American companies of all sectors, with companies that produce and sell confectionery being among those garnering the benefits.
The drop in the US corporate tax rate, from 35% to 21%, along with a provision that allows US companies to repatriate foreign earnings at a one-time cost, net of foreign tax credits, of 15.5%, is expected to shore up corporate cash positions.
To encourage companies to commit to capital expenditures, as opposed to giving this money ...
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