Tax reform and "investment"

[timelets]

"Finally, the company noted that the recently passed tax reform resulted in a one-time expense of $9.9 billion in the fourth quarter and that it planned to extend its share repurchase program up to an additional $8.6 billion of Class C stock."

This is another inflation channel for the economy.

https://www.cnbc.com/2018/02/01/alphabet-earnings-q4-2018.html