THE GREAT TAX RACE: SPECIAL UPDATE
On December 22, 2017, the most significant overhaul of the U.S. tax code in more than 30 years was signed into law. Highlights from our updated The Great Tax Race report include:
Corporate tax rate reductions should make it more attractive for multinationals to expand U.S. operations.
Profitable retailers will see the largest benefit from lower taxes, which will impact industrial (expansion) and retail space (selective upgrading).
All REITs and many/most partnership investors should be eligible for 20% deduction on pass-through income, boosting after-tax returns.