Could Tax Reform Push US Stocks Higher?

Stock pickers could benefit from tax reforms in the US as large companies, in particular technology and pharmaceutical multinationals are most likely to be the main beneficiaries

External Writer 28 November, 2014 | 9:54AM
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Morningstar's "Perspectives" series features investment insights from third-party contributors. Here, Tom Walker, manager of the Martin Currie Global Portfolio Trust discusses how tax reforms could boost certain US stocks. 

The political landscape in the US has changed once again following the recent midterm elections, but one big issue remains high up the agenda for both parties – tax.

An estimated $2 trillion is sitting in offshore cash piles and the politicians would like this to flow back to the US. If that happens, some companies could benefit disproportionately providing opportunities for stock pickers. One thing is certain: US tax reform is never simple.

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