Goldman: Trump's 15% corporate tax rate would help these stocks the most

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Goldman Sachs said changes in corporate tax law proposed by President-elect Donald Trump, who has called for lowering the federal rate to 15 percent from 35 percent, will create an investment opportunity around those companies currently paying the highest effective rates.

"Amid discussions on subjects including inflation, infrastructure and regulation, no potential consequence of the Trump victory has generated more client questions," wrote Goldman equity strategist Ben Snider in reference to the possible impact of lower taxes on U.S. corporations.

"Among major developed nations, the current U.S. statutory rate of 35 percent ranks highest. The Trump rate of 15 percent, adjusted slightly higher to include state and local taxes, would rank among the lowest in the world."

The U.S. currently has the highest corporate tax rates in the world when accounting for the combined federal and state/local rates, according to Goldman. But S&P 500 companies typically pay much less than that on average because of various tax breaks and accounting maneuvers.