Big Drop In S&P 500 Companies’ Income Tax Rate Last 2 Years, But Questions About Earnings Quality Remains
In the wake of the tax cuts of December 2017, S&P 500 companies are paying less than 20 percent in income taxes. All good except the gap between GAAP and non-GAAP income remains. In 3Q19, S&P 500 companies paid 18.9 … Continued