{"id":3654,"date":"2021-05-05T15:18:58","date_gmt":"2021-05-05T15:18:58","guid":{"rendered":"https:\/\/www.marignycapital.com\/?p=3654"},"modified":"2021-05-07T09:46:20","modified_gmt":"2021-05-07T09:46:20","slug":"the-corporate-tax-rate-should-increase-in-the-us","status":"publish","type":"post","link":"https:\/\/www.marignycapital.com\/en\/the-corporate-tax-rate-should-increase-in-the-us\/","title":{"rendered":"The corporate tax rate should increase in the US"},"content":{"rendered":"<p>In 2017 Trump made a nice gift to companies by lowering the corporate tax rate from 35% to 21%. Corporates weren&#8217;t specifically asking for it, but Trump was convinced that such a tax cut would encourage companies to spend more on investment and wages. It is difficult to conclude today on the effectiveness of this tax cut: the rise in investment and wages is not striking when looking at 2018 and 2019. What is certain is that share buybacks of the S&amp;P500 companies jumped by 55% in 2018 and reach 806 billion dollars which was higher than the total amount of R&amp;D spending in the United States &#8230; Among the arguments in favour of lowering the tax rate was that it was slightly higher than that in Europe.<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-3655 size-full\" src=\"https:\/\/www.marignycapital.com\/wp-content\/uploads\/2021\/05\/graph-3.png\" alt=\"\" width=\"100%\" height=\"100%\" srcset=\"https:\/\/www.marignycapital.com\/wp-content\/uploads\/2021\/05\/graph-3.png 632w, https:\/\/www.marignycapital.com\/wp-content\/uploads\/2021\/05\/graph-3-300x169.png 300w\" sizes=\"(max-width: 632px) 100vw, 632px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Biden wants to reverse this tax gift by 50%, i.e., raising the rate from 21% to 28%. At the S&amp;P500 level, we note that the 2017 tax cut increased profits by 14.3% (net margin that went from 9.45% of turnover to 10.8%). A rise in the tax rate would result in a 6.3% drop in profits (net margin from 10.8% to 10.13%).<\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-3659 size-full\" src=\"https:\/\/www.marignycapital.com\/wp-content\/uploads\/2021\/05\/graph4.png\" alt=\"\" width=\"100%\" height=\"100%\" srcset=\"https:\/\/www.marignycapital.com\/wp-content\/uploads\/2021\/05\/graph4.png 631w, https:\/\/www.marignycapital.com\/wp-content\/uploads\/2021\/05\/graph4-300x155.png 300w\" sizes=\"(max-width: 631px) 100vw, 631px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2017 Trump made a nice gift to companies by lowering the corporate tax rate from 35% to 21%. Corporates weren&#8217;t specifically asking for it, but Trump was convinced that such a tax cut would encourage companies to spend more on investment and wages. It is difficult to conclude today on the effectiveness of this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[67],"tags":[],"class_list":["post-3654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-our-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The corporate tax rate should increase in the US | Actualit\u00e9s | Marigny Capital<\/title>\n<meta name=\"description\" content=\"Retrouvez l&#039;actualit\u00e9 The corporate tax rate should increase in the US sur le site Internet Marigny Capital !\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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