Textual content measurement
Nvidia has had a 4.7% tax fee and common pretax revenue of $4.8 billion. Right here, a cryptocurrency mining rig is provided with Nvidia Geforce GPU on the Thailand Crypto Expo 2022.
Andre Malerba/Bloomberg
Democrats proposed lifting the company tax fee to assist fund their local weather and healthcare package deal, and if the tax stays a part of the deal corporations—particularly bigger ones—might take a success.
The unique proposal included a plan to boost income by way of a 15% minimal company tax fee. That could possibly be modified, although increased taxes on corporations is more likely to stay a precedence.
If the tax goes by way of, bigger corporations would bear the burden. The tax would apply to those who have averaged $1 billion of adjusted pretax revenue previously three years.
Strategists at
UBS
screened for corporations that each match that invoice and have just lately been paying lower than 15% in money taxes, and located 102. Of these, listed here are few which might be notably susceptible.
Utility American Water Works Firm (ticker: AWK) has just lately loved a money tax fee of 0.1% and has introduced in a pretax revenue of $1.1 billion on common previously three years. Its peer,
Ameren
(AEE), has had a 0.1% money tax fee and pretax revenue of $1.1 billion, as nicely.
Superior Micro Gadgets (AMD) has had a 1% tax fee and common pretax revenue of $1.8 billion.
Nvidia
(NVDA) has had a 4.7% tax fee and common pretax revenue of $4.8 billion.
Broadcom
(AVG) has had a 6.8% tax fee and pretax revenue of $6.8 billon.
Apollo World Administration
(APO) has had a 5.1% tax fee and pretax revenue $2.3 billion.
Ford Motor
(F) has had a 4.3% tax fee and pretax revenue of $4.93 billion.
Tesla
(TSLA) has had a 5.3% tax fee and pretax revenue of $2.3 billion.
Amazon.com
(AMZN) has had a 9% tax fee and pretax revenue of $25.4 billion.
Salesforce
(CRM) has had a 3.1% tax fee and pretax revenue of $1.6 billion.
These corporations are candidates to see lowered earnings from increased taxes.
