For Heavily Indebted Firms Like Dell, Tax Bill Delivers a Downside

Last year, just before he closed the biggest technology merger in history, Michael Dell was asked how he would feel waking up and being nearly $50 billion in debt. His reply: “We do everything bigger in Texas.”

Now, Mr. Dell’s costs on that debt are about to get bigger.

The tax overhaul expected to become law soon will limit the tax deduction…

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