FINSUM + Magnifi: The Big Loophole to Biden’s Tax Plan is…

Magnifi in Action: Discover "Outperform QQQ"

Click on any fund in the chart below to dig deeper.

April 27, 2021

In its fourth-quarter earnings report, BofA stole public attention by cutting its 2020 corporate tax
rate to 5.8% from what would have been 21%. How in the world did it do so? The answer made
it the envy of Wall Street. It accomplished this by increasing the share of its investment in
environmental, social, and corporate governance. This move was met with jealousy from
smaller businesses as other Wall Street Giants such as Citigroup, Morgan Stanley, and
JPMorgan also saved with ESG. The trillion-dollar ESG club plans to ramp up its investment in
upcoming years as part of portfolio pledges to net-zero emissions. These initiatives are good for
regulators, shareholders, activists, and the bottom line. Investors are looking to the future and
ESG will be a useful tool in limiting its tax bill with the New Administration.

(Washington)


FINSUM + Magnifi: The key here is the future. Biden’s tax bill will include a whole suite of green proposals and tax hikes. ESG will be an investor’s best bet to avoiding some of those large hikes.

Other news today: China Forcing Financial Institutions to Go Green and These Tech Stocks are Too Cheap Because of the SPAC Plunge


New call-to-action

Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks. As of April 2021, 300,000+ users with $500+ Billion in Assets Under Influence, have used Magnifi over 1,500,000 times. Try it for yourself today.

 

This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]