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2.39 MB
Extraction Summary
1
People
7
Organizations
1
Locations
0
Events
1
Relationships
3
Quotes
Document Information
Type:
Financial research report / equity strategy
File Size:
2.39 MB
Summary
This document is page 24 of a Bank of America Merrill Lynch 'Equity Strategy Focus Point' report dated January 29, 2017. It details the methodology for estimating the impact of tax repatriation, border adjustments, and lower corporate tax rates on S&P 500 earnings per share (EPS), specifically referencing Donald Trump's tax proposals. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation.
People (1)
| Name | Role | Context |
|---|---|---|
| Trump | Political Figure (President) |
Mentioned regarding proposed tax rates (10%) on overseas cash.
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Organizations (7)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
Logo in footer; 'BofAML analyst estimates' mentioned in text.
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|
| S&P 500 |
Subject of the financial analysis.
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| Bloomberg |
Source for data on cash held overseas.
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| AAPL |
Apple Inc. cited as an example of a large multinational with existing tax provisions.
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| U.S. Department of Commerce |
Publisher of Input-Output accounts data.
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| Bureau of Economic Analysis |
Referenced for website data.
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT_023092'.
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Locations (1)
| Location | Context |
|---|---|
|
Context of tax laws and domestic income tax rates.
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Relationships (1)
Bank analysts are modeling the impact of Trump's proposed tax policies.
Key Quotes (3)
"We apply the effective tax rates proposed by Trump (10%) and the Blueprint (8.75%) to our estimated $1.2tn in overseas cash"Source
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Quote #1
"We estimate that 100% is brought back given that the tax is mandatory."Source
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Quote #2
"We use 50% as a base case scenario, which is lower than the 80% brought back during the 2004 tax holiday, to be conservative."Source
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Quote #3
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