By Michele Alexander and Ryan Davis (January 17, 2018, 12:14 PM EST) -- The sweeping overhaul of the tax code is a mixed blessing for the finance industry. First and foremost, as a sector that is subject to relatively high effective rates, a 40 percent reduction in the statutory corporate rate stands to yield major benefits, particularly for those companies with primarily domestic operations. The bullish sentiment is reflected in the wave of banks announcing tax reform-related bonuses, raises and other investments in their workforce since its enactment. While the impact of such beneficial top-line provisions to the industry may be readily apparent, others, including international anti-abuse laws targeted at taxpayers artificially reducing their income through payments to affiliates domiciled, or holding valuable assets, in low-tax jurisdictions outside the United States, unintentionally may burden banks that are not the primary targets of the new legislation....