Fiji Time: 10:15 PM on Friday 23 February

Fiji Times Logo

/ Front page / Business

US small-cap firms look to spend tax savings on tech, not jobs

Reuters
Thursday, October 12, 2017

NEW YORK - A Texas-based chain of strip clubs would go on a buying spree.

A growing technology company would move fewer jobs overseas.

And a regional bank would boost its spending on cybersecurity.

These are some of the uses of the tax savings that small and medium-sized US companies say they would pursue if the Trump administration and the Republican-controlled Congress slashed corporate taxes as promised.

Small companies pay the highest taxes and they would be the main beneficiaries of such a Trump windfall.

Reuters contacted the 100 largest companies by market value in the benchmark Russell 2000 index of US small and mid-cap stocks as well as another 50 in the Russell 2000 with no analyst coverage.

None of the 17 companies that responded to Reuters queries mentioned boosting their headcount.

The administration has said the tax cuts would largely pay for themselves by spurring more investment and creating jobs.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.63650.6175
JPY 54.034951.0349
GBP 0.35780.3498
EUR 0.40640.3944
NZD 0.68820.6552
AUD 0.64140.6164
USD 0.50240.4854

from

$0.00

Exchange Rate updated on 23rd, February, 2018

Today's Most Read Stories

  1. 'I won't stand down'
  2. Same-sex marriage
  3. That fateful night
  4. $10m in six months
  5. Police refuse permit for FTUC's Suva march
  6. Minister's political career up to party
  7. Lawyer joins ATS board
  8. Wheels to boost response
  9. 'Poachers aware of patrols'
  10. FWCC claims rise in abuse

Top Stories this Week

  1. Wheels for ex-PMs Thursday (22 Feb)
  2. Long wait Monday (19 Feb)
  3. Plans to open caves for public viewing Monday (19 Feb)
  4. Police brutality claims Thursday (22 Feb)
  5. Tears flow for eleven Wednesday (21 Feb)
  6. Masirewa scores biggest try Monday (19 Feb)
  7. Adi Meretui joins SODELPA camp Monday (19 Feb)
  8. Bitcoin rises above $20,175 Saturday (17 Feb)
  9. Sau's 7s aim Monday (19 Feb)
  10. Indian engineers to assess Fiji's railway network Monday (19 Feb)