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Stock impact report

How the tax bill could hit two US companies, one domestic, the other global [FOX Business Network]

Advance Auto Parts Inc. (AAP) 
Last advance auto parts inc. earnings: 2/18 06:30 am Check Earnings Report
Automotive Assets CEO Lauren Fix and Defiance ETF CIO Sylvia Jablonski weigh in on chip shortages and hydrogen fuel vehicles on 'Making Money' Advance Auto Parts Inc. AAP +1.48% and Agilent Technologies Inc. A +1.13% will see their tax rates increase by a fifth under the sweeping tax bill proposed by congressional Democrats , but for different reasons. Advance Auto mostly sells car parts through its U.S.-based stores. Agilent makes and sells lab equipment and chemicals primarily outside the country. One makes its profits at home; the other books most of its profits abroad. CAR INSURANCE 'AGE TAX' COULD IMPACT TWO GENERATIONS, STUDY FINDS The Democratic plan, passed by the House Ways and Means Committee last month, would raise nearly $1 trillion over a decade from corporate tax increases. It does so in part by increasing the corporate tax rate to 26.5% from 21% and expanding taxes on foreign income, without reinstating many of the tax breaks that Congress curbed in 2017. Dem Show less Read more
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