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How Will Tax Reform Benefit HP?

How Will Tax Reform Benefit HP?

Congress recently passed the US Tax Cuts and Job Act, which reduced corporate tax to 21% from 35%. The US government has also imposed a one-time repatriation tax of 15.5% on cash held in overseas markets and an 8% tax on non-cash assets. HP (HPQ) has supported this tax reform and expects it to stimulate the US economy and make domestic firms more competitive.