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With Harris, the corporate tax rate is top of mind for business leaders.
Harris is looking to raise the corporate tax rate to 28% from 21%, a move Bank of America estimates could lead to a 5% hit to earnings .
Bolten said leaders' concerns don't stem from wanting to keep taxes low to reward themselves and their shareholders.
In the five years before 2017's tax reform, 27 substantial US companies relocated their headquarters outside the US due to the tax rate, Bolten said, while there have been zero since the tax cut.
Persons:
—, Harris, Kamala Harris, Donald Trump, Joshua Bolten, Trump's, Bolten, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Milan Sehmbi, Amanda Yen
Organizations:
Business, Service, Bank of America
Locations:
United States, New York, London