Big U.S. companies don't know how American tax laws will be changed in the coming months, but they're not waiting to find out.
Comcast, 3M Co. and Wal-Mart Stores are among the companies buying back bonds now in transactions that could save them millions of dollars if the latest proposed tax changes from the Trump administration and Congress end up becoming law. A wave of these deals happened after the election as Republicans talked about tax changes being high on their priority list. More of these transactions are happening now as the lawmakers and the White House renew their focus on overhauling the rules.
“If you're a company and you don't do it, you'll regret it,” said Tim Doubek, a Minneapolis-based money manager at Columbia Threadneedle. “There's no downside to doing it.”
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Molly Smith
Molly joined Law.com International as a reporter in July 2024 after a couple of years working in business development and following the completion of a degree in journalism at Goldsmiths, University of London. [email protected]
