US tax plan could shake up levfin, boost M&A
Changes put forward under Republican tax plans could dent the attractiveness of high yield debt and leveraged loans, according to analysts, but a cut to the corporate tax rate and a potential holiday for repatriated cash would be positives for US corporates.
One of the changes put forward in the tax proposals last week would limit the deduction of interest expenses to 30% of adjustable taxable income, down from the current 100% level.
This might affect the attractiveness of leveraged buyouts, particularly with interest rates expected to rise steadily over
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