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U.S. Vice President and Democratic presidential candidate Kamala Harris has proposed hiking the corporate tax rate from 21% to 28% if she wins the November election. According to Goldman Sachs analysts, this hike could lower earnings for companies on the benchmark S&P 500 Index by about 5%.
Harris also looks to introduce a taxation of foreign income and raise the alternative minimum tax rate from 15% to 21%, which could further lower earnings by up to 8%, as quoted on Reuters.
Trump's Proposed...
>>> Read more: Will S&P 500 ETFs be Affected by Harris' Proposed Tax Hike?
Harris also looks to introduce a taxation of foreign income and raise the alternative minimum tax rate from 15% to 21%, which could further lower earnings by up to 8%, as quoted on Reuters.
Trump's Proposed...
>>> Read more: Will S&P 500 ETFs be Affected by Harris' Proposed Tax Hike?
