Friday 29 December 2017

Goldman to take one-time $5 billion hit to profit from new tax law

(Reuters) - Goldman Sachs Group Inc said on Friday it expects fourth-quarter earnings to decrease by about $5 billion (£3.70 billion), as the bank looks to take advantage of a new tax law that makes it cheaper for U.S. companies to repatriate profits.


from Reuters: Top News http://uk.reuters.com/article/uk-usa-tax-goldman-sachs/goldman-to-take-one-time-5-billion-hit-to-profit-from-new-tax-law-idUKKBN1EN1BJ?feedType=RSS&feedName=topNews

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