Source: Richard Craver, WINSTON-SALEM JOURNAL, 1/11/17


The Trump administration’s strategy on reducing the federal corporate tax could be the major holdup on a potential sale of Reynolds American Inc. to British American Tobacco Plc, according to analysts. If the Trump administration and a Republican-controlled Congress agree on a 15 percent corporate tax rate, BAT could be required to raise its $47 billion offer by several billion dollars.

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