There’s a lot of uncertainty in today’s market, but one thing is guaranteed. It’s as sure as the sun rising again tomorrow... The new tax reform law is about to cause an avalanche of money to rush into a very specific kind of investment in the weeks and months ahead — dividend stocks. As you probably know, the new tax law slashed the corporate tax rate from 35% to 21%. According to the Citizens for Tax Justice, the total amount currently being stashed overseas by Fortune 500 companies in order to avoid paying U.S. corporate taxes tops $2.6 TRILLION!
Just look at some of the names on this chart … Apple (NASDAQ:AAPL), Coca-Cola (NYSE:KO), Amazon (NASDAQ:AMZN), General Electric (NYSE:GE), Microsoft (NASDAQ:MSFT), Gilead (NASDAQ:GILD), Intel (NASDAQ:INTC) … we’re talking about big, blue-chip companies hiding billions overseas. But the new tax law holiday lets companies bring back that cash at a 15.5% tax rate. With $2.6 trillion sitting overseas, that’s potentially a $400 billion windfall for Uncle Sam. And a more than $2 TRILLION bonanza for investors as companies put all that repatriated cash to work.
Source: InvestorPlace
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- Dividend Growth Stocks Are My Conviction
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