Tax Reform Impacts
The Tax Cuts and Jobs Act marked a significant shift in corporate taxation, eliminating the deferral system and imposing a global minimum tax on intangibles. While some companies like Facebook and Google adapted by repatriating their intellectual property, others, such as major pharmaceutical firms, continue to benefit from lower tax rates abroad. The discussion highlights the complexities and mixed outcomes of the reform, revealing that while some companies pay less to the US government, opportunities for further adjustments remain.In this clip
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