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06 June 2018

Many firms plan to use cash from tax cuts for M&A

Many businesses know what they want to do with the extra cash generated by the US Tax Cuts and Jobs Act (TCJA): Spend it on strategic mergers and acquisitions. According to EY's survey of 500 US C-level executives released in March 2018, 42% of respondents plan to use their savings to pursue M&A transactions. Mid-cap companies are the most acquisitive, with 82% planning to accelerate their M&A strategies compared with 72% of large-cap companies and 69% of small-cap companies.

Find this article by EY's Bridget Walsh, EY Global Head of Transaction Tax, here.

Document ID: 2018-1167

 

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