AT&T: to step up US investment on back of tax bill.
(CercleFinance.com) - AT&T reiterated on Wednesday its plans to step up investment in the US in 2018, with an additional 1 billion dollars if the tax bill is passed in Congress, as expected later today.
"This bill will spur much-needed investment and economic growth in the United States," said Randall Stephenson, AT&T chairman and CEO.
If the tax overhaul is finally approved, the corporate tax rate will be cut from 35% to 21%, starting from 2018.
Since 2012, AT&T has invested more in the United States than any other public company, the telecommunications giant said.
AT&T estimates that every one billion dollars in capital invested in the telecom industry creates about 7,000 jobs for American workers.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
"This bill will spur much-needed investment and economic growth in the United States," said Randall Stephenson, AT&T chairman and CEO.
If the tax overhaul is finally approved, the corporate tax rate will be cut from 35% to 21%, starting from 2018.
Since 2012, AT&T has invested more in the United States than any other public company, the telecommunications giant said.
AT&T estimates that every one billion dollars in capital invested in the telecom industry creates about 7,000 jobs for American workers.
Copyright (c) 2017 CercleFinance.com. All rights reserved.