Apart the various political takes on tax reform, there are some definite winners in the US tax reforms.
Mostly are the companies that focus on US and cannot escape the US tax office.
So mainly the sectors are Telco, Energy and, second, commodities, wealth managers, industrial (specially transport), retail, some drug makers.
But also shareholder. Already the companies are sustaining the market via buyback – now they will have even more more money for doing buybacks.
Tech depends – they can repatriate capital – but also have to pay a lot on the repatriated capital. So it is not clear – specially for the large corporations (the middle ones should have an advantage).
As usual the richer will get richer and the poorer even poorer.
A prime example of Western democracy.
investorpolitico 