Profits: After -
tax corporate profits growth is expected to remain strong, rising 6.7 percent next year after expanding by 3.8 percent this year.
Not exact matches
«On the
corporate side, we disregard the temporary increase in
tax payments in 2018 related to the
tax on deemed repatriation; we do not estimate a
growth effect from those repatriated
profits, either,» the note said.
«Our «rational exuberance» rests on a combination of above - trend US and global economic
growth, low albeit slowly rising interest rates, and
profit growth aided by
corporate tax reform likely to be adopted by early next year,» Kostin said in a report for clients.
While first - quarter
corporate profits are expected to have notched their best
growth in seven years, largely due to lower
taxes, investors have focused on cost warnings from companies.
Private - sector investment intentions are only 1.3 % higher this year, a far cry from the
growth of after -
tax corporate profits.
PBO is forecasting much stronger
growth in personal income and therefore higher personal income
tax revenues offset to some extent by slower
growth in
corporate profits and thereafter lower
corporate income
tax revenues.
Excluding the impact of the one - time factors affecting 2009 - 10,
corporate income
tax revenues are forecast to increase by about 17 % which is in line with the
growth in
corporate profits witnessed in the first three quarters of 2010.
Personal income
tax revenues were up by $ 391 million, or 1.2 %, while
corporate income
tax revenues were up $ 181 million, or 1.8 %, well above the
growth in
corporate profits.