If a federal tax reform bill is signed into law, a reduction in the corporate tax rate — from 35% to as low as 20% — will force some companies to take a big writedown due to the forced remeasurement they’ll have to do of the deferred tax assets on their balance sheets.
Similar Stories to Capitol Report: These Companies Will Take A Huge Profit Hit From Lower Tax Rates on Bing News
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Fri, 12/15/2017 - 7:35am
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