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Amazon, Facebook and Google could save billions thanks to the GOP tax bill

One year ago   |   By

Evan Vucci/AP
Cowen estimates that Amazon, Google and Facebook will save a combined $4.5 billion on taxes in 2018 thanks to the GOP tax bill.
They should also benefit from the bill's capex expensing provision.
The GOP tax bill has long been expected to boost corporate profits. Now we know just how much the biggest tech companies in the US stand to save - and what that could mean for their bottom lines.
Google will save $2.28 billion in 2018, while Facebook will see $1.56 billion in savings and Amazon will enjoy a $723 million break, according to estimates from Cowen senior research analyst...
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The GOP tax bill just got another ugly review

The GOP tax bill just got another ugly review

One year ago   |   By

Alex Brandon/AP Images
A new CBS News poll found that 35% of Americans approved of the GOP tax bill, while 53% disapproved.
Additionally, 76% of people thought the plan would benefit corporations while just 31% said it would help the middle class.
The CBS poll is another data point in a growing pile of negative reviews for the tax bill.
The Republican tax bill just got hit with another doozy of a poll on Thursday, adding to the growing amount of data showing Americans don't like the bill.
A new CBS News poll found that 35% of Americans approve of the Tax Cuts and Jobs Act , while 53%...
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