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re: Explain to me the new tax increases
Posted on 4/1/21 at 12:05 pm to bird35
Posted on 4/1/21 at 12:05 pm to bird35
quote:I think Kimberly Clark is already anticipating this.
They want to raise the corporate tax rate. Every penny of increased taxes the corporations have to pay you will pay in increased taxes.
If they raise the corporate taxes on Kraft 10% then the price of every Kraft item goes up 10%.
Announced yesterday "plans to increase net selling prices across a majority of its North America consumer products business. The increases will be implemented almost entirely through changes in list prices. The percentage increases are in the mid-to-high single digits. Nearly all of the increases will be effective in late June and impact the company's baby and child care, adult care and Scott bathroom tissue businesses."
They are claiming this is to offset the inflation of commodities prices, and it could be, but could also be a hedge against an increased corporate tax rate.
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