Banks' $21 Billion Tax Windfall Doesn't Stop Their Job Cuts

Major U.S. banks shaved about $21 billion from their tax bills last
year — almost double the IRS’s annual budget — as the industry
benefited more than many others from the Republican tax overhaul.By year-end, most of the nation’s largest lenders met or exceeded their initial predictions for tax savings.

Publisher: Bloomberg | Author: Ben Foldy

TAGS
banks, governance, one percent, tax policy, and trump agenda
DATE PUBLISHED
2019-02-07 (Modified: 2019-02-07)

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https://www.bloomberg.com/news/articles/2019-02-06/banks-reaping-21-billion-tax-windfall-cut-staff-ease-off-loans?fbclid=IwAR2XUt-OubBdIRXcMs-uNKYT8bS-oG_S8MKRREX4di5f3Eh1EwKtzzZAX34

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