BIG US BANKS SAW THEIR EFFECTIVE TAX RATES FALL EVEN MORE THAN THEY EXPECTED LAST YEAR, ON AVERAGE TAX RATED FALL BELOW 19 PERCENT FROM THE ROUGHLY 28 PERCENT THEY PAID IN 2016, MOREOVER, THEY SHAVED ABOUT 21$ BILLION FROM TAX BILLS LAST YEAR, DESPITE THESE MASSIVE GAINS THEY STILL CUT THOUSANDS OF JOJOBS AND THEIR LENDING GROWTH SLOW.... HOW STRANGE!
ACCORDING TO RECENT SURVEYS, TAX RATES DONT CHANGE MANAGEMENT‘S CONTINUAL DESIRE TO DRIVE COST CUTTING, DONT SIGNIFICANTLY IMPACT OVERAAL INVESTMENT CHOICES, THE ONLY HAVE A MARGINAL IMPACT ON WHERE
INVESTMENT IS MADE(E.G., CANADA VS US) SEE STATE TAX COMETITON
