Jan 1, 2018

01/01/2018: Goldman Sachs’ $5 billion tax hit

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(Markets Edition) Goldman Sachs recently announced it would take a $5 billion tax hit from the GOP overhaul, a loss that mostly comes from its move to bring home money it had stashed overseas. But analysts expected this, and under…

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Not so fast: Climate change will slow air travel

Jan 1, 2018
Extreme weather means more challenges for airlines getting planes in the air. Click the audio player above to hear the full story.  Stories You Might Like 01/18/2018: How a government shutdown could affect the GOP’s tax overhaul 09/27/2017: Major U.S.…

(Markets Edition) Goldman Sachs recently announced it would take a $5 billion tax hit from the GOP overhaul, a loss that mostly comes from its move to bring home money it had stashed overseas. But analysts expected this, and under the new tax law, the money is subject to a lower tax rate than before. Karen Petrou, co-founder of Federal Financial Analytics, joined us to discuss how companies might use the money they bring back to the U.S., and what indicators we should look for to figure out if these tax cuts are actually stimulating the economy. Afterwards, we’ll look at how climate change might affect the airline industry, and then discuss what the recent hurricanes mean for cruise line companies and tourism. 

 

 

The team

Stephen Ryan Producer, BBC