Epstein Secrets

up the bills. Either is likely to hurt Republican support in these states. Tax reform: BAT won’t kill it The proposed border adjustment tax in the Ryan-Brady plan has been attracting a lot of attention lately. Although we have concerns about some specific aspects of the proposal (which we will discus

imports are subject to VAT. These facts together make it very apparent that both the case for tax reform and support for tax reform are very strong. Paul Ryan said on January 26 after the Republican retreat in Philadelphia that they “aspire” to pass tax reforms by August. Bankof America <> Merrill Lynch Ca

nsactions in any securities mentioned in this re d General Information regarding Research Reports: nown to, professionals in other business areas of BofA Merri t their o' rmation. Facts and views presented in this material that rela ness areas of BofA Merrill Lynch in connection with the legal s affiliat

arkets. Much has been written on the timing, funding and process by which corporate tax reform could be enacted. In this report, we use House Speaker Paul Ryan’s Blueprint proposal as a starting point in quantifying the impact of corporate tax reform on the S&P 500, with some scenario analysis to account for

thus remain parked offshore, allowing corporations to avoid the tax hit associated with bringing them back to the US. Both Trump and the House (under Ryan) have proposed a mandatory tax of overseas earnings of US firms’ foreign subsidiaries at reduced rates, such that this cash can be brought back and p

price targets) without repared by BofA Merrill Lynch Global Research personnel are ba: information known to, professionals in other business areas of BofA Merri Research and certain business groups. As a resul he extent this report discusses any legal proceeding or issues, it has not been prepared as nor is i

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ion presented in this report. Such ideas or recommendations reflect the different time with, and reac methods of the persons who prepared them, and BofA Merri recipient of this report. In the event that the recipient received this report pursuant to a contract between the recipient and MLPF&S for the prov