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iffer from other sources, as this analysis is based on companies’ 5-yr median fiscal year domestic and foreign tax data from annual filings. Source: BofAML US Equity & Quant Strategy Note: Our base case assumes that half of the benefit would be passed on to customers, competed away or offset by other changes to t
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Donald Trump
PersonPresident of the United States (2017–2021, 2025–present)
Marc Rich
PersonAmerican commodities trader (1934–2013)
BofA Merrill Lynch Global Credit Research
OrganizationMerrill Lynch Financial Global
OrganizationPierce, Fenner & Smith Incorporated
Organization
Merrill Lynch Global Wealth Management
OrganizationInvestment management and financial planning service

Merrill Lynch
OrganizationAmerican investing and wealth management division of Bank of America
The Financial Service Board
OrganizationMerrill Lynch International
OrganizationMerrill Lynch Equities (Australia) Limited
Organizationthe Australian Securities and Investments Commission
Organizationthe Hong Kong Securities and Futures Commission
OrganizationMerrill Lynch Canada Inc
Organizationthe Investment Industry Regulatory Organization of Canada
OrganizationMerrill Lynch Mexico
OrganizationCasa de Bolsa
Organizationthe Comisidn Nacional Bancaria y de Valores
OrganizationMerrill Lynch Argentina SA
Organization
Comisién Nacional de Valores
OrganizationUruguayan football club based in Montevideo, Uruguay
Merrill Lynch Japan Securities Co., Ltd.
Organization