Perfect storm for some companies: Fewer interest deductions, rising rates6 min read . Updated: 06 Feb 2023, 06:16 PM IST
Businesses affected by a tax-law change are considering scaling back capital investments and other moves to offset higher interest expenses
Some US companies face reduced cash flows and higher tax bills this year as they are hit by a double whammy: Federal Reserve interest-rate hikes and a tax-law change on deducting interest expenses.
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