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Has the TCJA Actually Helped Companies?

April 3, 2019

One thing that became clear as 2018 progressed was that the initial elation over the new 21 percent corporate income tax rate provided by the Tax Cuts and Jobs Act had been a somewhat hasty reaction. Tempering the enthusiasm were realizations that other provisions of the law would, for most companies, significantly cut into the windfall from the lower tax rate. Indeed, it’s hardly a snap to determine whether the overall net impact of the TCJA to date has been positive or negative for companies, a report by Deloitte suggests. Read more at CFO.com.