In its early stages, the Republican tax plan didn’t bode well for retailers. Speaker of the House Paul Ryan wanted to include a border-adjusted tax on imports that would have been disastrous for an industry that sources much of its merchandise overseas.
That didn’t make it into the final plan. Instead of coal for
Christmas, retailers got a war chest. Their corporate tax rate of 35%
will drop to 21%, handing them a free cash flow boost as they fight for
survival in the Amazon era.. . . more