The GOP tax overhaul has inspired what seems like a flurry of action from companies looking to gain billions of dollars in potential savings. Every day, a new organization announces bonuses and wage increases. (FedEx Corp. on Friday added its name to that list.) Others, however, are using their funds to lay off thousands of workers.
Despite the headlines, it turns out most companies aren’t doing much at all with their tax savings, according to a new survey from Willis Towers Watson. At least not yet.