The GOP tax bill could add billions to Amazon, Facebook and Google’s bottom lines
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 …read more
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