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Nvidia has had a 4.7% tax price and common pretax revenue of $4.8 billion. Here, a cryptocurrency mining rig is supplied with Nvidia Geforce GPU on the Thailand Crypto Expo 2022.
Andre Malerba/Bloomberg
Democrats proposed lifting the company tax price to assist fund their local weather and healthcare bundle, and if the tax stays a part of the deal firms—particularly bigger ones—may take a success.
The authentic proposal included a plan to lift income by a 15% minimal company tax price. That could possibly be modified, although larger taxes on firms is more likely to stay a precedence.
If the tax goes by, bigger firms would bear the burden. The tax would apply to those who have averaged $1 billion of adjusted pretax revenue prior to now three years.
Strategists at
UBS
screened for firms that each match that invoice and have not too long ago been paying lower than 15% in money taxes, and located 102. Of these, listed below are few which can be notably weak.
Utility American Water Works Company (ticker: AWK) has not too long ago loved a money tax price of 0.1% and has introduced in a pretax revenue of $1.1 billion on common prior to now three years. Its peer,
Ameren
(AEE), has had a 0.1% money tax price and pretax revenue of $1.1 billion, as properly.
Advanced Micro Devices (AMD) has had a 1% tax price and common pretax revenue of $1.8 billion.
Nvidia
(NVDA) has had a 4.7% tax price and common pretax revenue of $4.8 billion.
Broadcom
(AVG) has had a 6.8% tax price and pretax revenue of $6.8 billon.
Apollo Global Management
(APO) has had a 5.1% tax price and pretax revenue $2.3 billion.
Ford Motor
(F) has had a 4.3% tax price and pretax revenue of $4.93 billion.
Tesla
(TSLA) has had a 5.3% tax price and pretax revenue of $2.3 billion.
Amazon.com
(AMZN) has had a 9% tax price and pretax revenue of $25.4 billion.
Salesforce
(CRM) has had a 3.1% tax price and pretax revenue of $1.6 billion.
These firms are candidates to see lowered earnings from larger taxes.