One of the facets of the GOP tax bill now signed into law is the tax break given to corporations, with the rate lowered from 35% to 21%. But Goldman Sachs says it won't capitalize as much as everyone thinks from the new bill, noting it will take a hit from a tax abroad that will slash profits this year by about $5 billion, per Bloomberg and Reuters. In a Friday filing, the company says a good portion of the hit it will take is tied to a repatriation tax that now requires companies with overseas income kept as cash to pay a 15.5% tax on it (other holdings face an 8% tax); the old law allowed firms to hold off on paying taxes until that income was brought back to the US.