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Why Trump's Tax Plan Will Make It Much Harder To Analyze Corporate Earnings

For years now, we've been writing about the deception, falsification and accounting manipulation that large corporates use to spin their earnings reports. We've pointed out how corporate executives, often unable to affect any meaningful improvement in revenues or profits, are increasingly resorting to stock buybacks to goose EPS to help them hit incentive targets that are now commonly required to unlock extra incentive pay.
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