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Extraction Summary

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People
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Organizations
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Locations
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Events
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Relationships
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Quotes

Document Information

Type: Financial research report / equity strategy analysis
File Size: 1.95 MB
Summary

This document is page 16 of a Bank of America Merrill Lynch 'Equity Strategy Focus Point' report dated January 29, 2017. It analyzes US corporate tax breaks, specifically discussing the impact of 'Blueprint' proposals and Trump administration policies on depreciation and capital expenditure (capex) expensing. It includes a table detailing the top 25 US corporate tax breaks in 2016 and a chart tracking S&P 500 capital expenditure ratios. The document bears a House Oversight Bates stamp, suggesting it was included in a document production for a congressional investigation.

People (1)

Name Role Context
Trump US Politician / President
Mentioned in the context of tax policy proposals: 'Both the Blueprint and Trump have noted that they would likely mai...

Organizations (5)

Name Type Context
Bank of America Merrill Lynch
Logo present in footer; cited as source for strategy data.
US Department of Treasury
Cited as source for Table 16 data.
S&P
Cited as source for Chart 16.
Compustat
Cited as source for Chart 16.
House Oversight Committee
Implied by the Bates stamp 'HOUSE_OVERSIGHT_023084'.

Locations (1)

Location Context
Focus of the report (US corporate tax breaks, US production activities).

Key Quotes (3)

"Both the Blueprint and Trump have noted that they would likely maintain the Research & Development related tax credits."
Source
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Quote #1
"Immediate capex expensing should provide some initial cash tax benefits"
Source
HOUSE_OVERSIGHT_023084.jpg
Quote #2
"The ongoing benefit of capex expensing derives from the deferral in the timing of tax payments."
Source
HOUSE_OVERSIGHT_023084.jpg
Quote #3

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