Republican lawmakers say their tax overhaul would spur companies to hire more employees and build factories in the U.S. Yet one key provision, which could free up hundreds of billions of dollars for companies to spend, probably would benefit shareholders, analysts say. The provision changes the tax rules on the profits that U.S.-based companies make overseas. Under current law, companies must pay a 35% tax on the earnings if they bring them to the U.S., though they can get credit for overseas taxes. To avoid the bill, companies...

Source: Wall Street Journal December 16, 2017 13:00 UTC