Corporate tax reform shifts burden to corporations under 1986 act
The Tax Reform Act of 1986 lowers corporate rates but broadens the tax base and raises overall corporate taxes by about 120 billion over five years. Capital gains repeal, new corporate AMT, and many depreciation and deduction changes reshape corporate taxation. Susan Willey of McGladrey Hendrickson & Pullen previews Thursday’s follow-up on depreciation and the investment tax credit.
MENTIONED IN THIS ARTICLE
Joint Committee On Taxation
October U.S. auto sales show slow domestic demand despite incentives
U.S. automakers report a 6.4 percent year over year drop in domestic car sales in late October while month over month gains reach 5.8 percent. GM Chrysler and Ford display varied results, with Honda’s domestic cars surging 317 percent for the 10 day period as imports trend mixed.
MENTIONED IN THIS ARTICLE
Detroit
U.S
American Honda Motor Co
South Korea
Yugoslavia
General Motors Corp
Chrysler Corp
Ford
Chrysler
Honda
Nissan Motor Corp
U.S.A
American Motors Corp
Isuzu
Mercedes-Benz
North America
Cargill Tops Forbes 400 as Largest Private Firm
Forbes 1986 rankings place Cargill of Minneapolis as the nation’s largest private company with 32 billion dollars in sales. Koch Industries and Continental Grain follow, with Beatrice Foods fourth, in a list totaling 390 billion in combined sales and 2.8 million employees.
MENTIONED IN THIS ARTICLE
New York
Cargill
Cedar Rapids
Forbes Magazine
Forbes
Koch Industries
Wichita, Kan
Continental Grain
Beatrice Foods
Beatrice
Vigortone Ag
Maytag to Hire 250 More at Newton Plants
Maytag Co. will hire 250 workers by mid January at its two Newton plants due to stronger appliance sales. Spokesman Ronald Krasnovich cited a sales boost but did not provide figures. By February Maytag Newton employment will reach about 1,800 hourly and 1,000 salaried workers.
MENTIONED IN THIS ARTICLE
Newton
Maytag Co
Ronald Krasnovich
Maytag
PepsiCo Plans Pizza Hut Expansion in Soviet Union
PepsiCo said it is negotiating with Soviet officials to open up to 100 Pizza Hut restaurants in the Soviet Union. The venture would mark the first foreign restaurant operator there with Moscow and other cities targeted for early 1987 construction.
MENTIONED IN THIS ARTICLE
Pizza Hut Plans
Soviet Union
New York
PepsiCo Inc
Pizza Hut
PepsiCo
Wichita
Kan
Moscow
United States
Dow Falls Early Then Rallies. Broad Averages Rise
U S stocks ended higher after a choppy session on Tuesday with the Dow down 1.82 at 1,892.44 amid early profit taking. The NYSE composite rose to 141.60 and the S P 500 gained 0.40 to 246.20 as tech shares helped offset weakness in Ford and GM.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Treasury
NYSE
American Stock Exchange
Goodyear
Gillette
E.F. Hutton
CPC International
General Motors
Chrysler
Ford Motor
Standard & Poor
S&p
Understanding why stock prices move on earnings
Investors price stocks on future earnings rather than current results. If earnings beat projections, price may rise. if they miss, price may fall. Market mood and broader conditions can override earnings changes, as prices reflect confidence in future profits.
MENTIONED IN THIS ARTICLE
Mogfica Oy Q
Also Mentioned on This Page
Susan Willey
McGladrey Hendrickson & Pullen
Wnat
Mazda Motor Corp
Mitsubishi
Suzuki
Volkswagen of America Inc
Audi
Currette
Ubirha
SCI
Fdic
Iowa
Wats
Iowa City
Dow
Securities Corporation of Iowa
McGladrey, Hendrickson & Pullen Certified Public Accountants
Knapp Conference
2Nd Avenue
SIPC
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