Companies Silent on Tax Cut Savings - Articles

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Posted by: William Hammond on Jul 31, 2018

When the Tax Cut and Jobs Act passed last year corporate tax rates dropped from 35 percent to about 21 percent. The Tennessean takes a look what companies are doing with the savings. Most private companies have remained quiet. Research shows some public companies spent the savings on raising employees’ wages, some reinvested the savings in to the business, and others upgraded office technology or office spaces. Still little is known about how the savings will affect private businesses and the community.