Ashtead Will Have Cash Savings from U.S. Tax Cuts

The CEO of a major company discusses the strong performance of their US-based business, highlighting significant investments in fleet and acquisitions. The company plans to return cash to shareholders while maintaining growth. The potential impact of tax reforms is explored, with expected reductions in tax rates leading to significant savings. Infrastructure improvements in the US are also discussed, with potential positive effects on the business. Overall, the company is optimistic about future growth and opportunities.

What percentage of the company's business is based in the US?

• 50%

• 100%

• 70%

• 90%

How much is the company planning to invest in fleet expansion this year?

• £500 million

• £3 billion

• £1.2 billion

• £2 billion

What is the expected change in the company's effective tax rate due to proposed tax reforms?

• From mid 40s to mid 30s

• From mid 50s to mid 40s

• From mid 20s to mid 10s

• From mid 30s to mid 20s

What is the potential cash tax rate reduction mentioned by the CEO?

• From 25% to 15%

• From 40% to 30%

• From 19% to 10%

• From 30% to 20%

What is the CEO's view on the current state of US infrastructure?

• It is the best in the world

• It is decrepit and in need of improvement

• It is slightly outdated

• It is in excellent condition