Wall Street: Tax Reform Should Boost Crucial Area Of The Market

Firms across Wall Street are forecasting a pick-up in M&A activity this year. Many of them, most recently Morgan Stanley, cite the positive benefits of tax reform as helping to catalyze deals. The firm argues that both the newly-passed tax cuts and repatriation holiday will give companies even more cash to work with. It also thinks that the plan's completion will ease anxiety that mounted around tax policy, allowing corporations to proceed without worry.