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The Negative Impact Of Verizon

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The U.S tax overhaul bill implemented by the Trump Administration is a decrease in taxes for US companies. The taxed percentage went from 35% to 21%. The total revenue has increased from $32.34 billion to $34.0 billion. Due to this impact Verizon has stated it will be giving employees fifty shares each. Totalling up to a $380 million bonus. Bonus’ improve and motivate employee productivity, thus having a positive impact within the company. Verizon has also stated that the money now spared from taxation will will be used to strengthen their balance sheet. Verizon credits this to the federal tax reform, as the company has had a four billion dollar tax break. This tax reform not only affected Verizon but it’s competitor T-Mobile. Since both companies

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