December 29, 2017 / 11:28 AM / a year ago

BRIEF-Goldman Sachs Sees Enactment Of Tax Legislation To Reduce About $5 Bln In Earnings For Q4 And Year Ending Dec 31

Dec 29 (Reuters) - Goldman Sachs Group Inc:

* GOLDMAN SACHS - ESTIMATES ENACTMENT OF TAX LEGISLATION WILL RESULT IN REDUCTION OF ABOUT $5 BILLION IN FIRM’S EARNINGS FOR Q4 AND YEAR ENDING DEC 31

* GOLDMAN SACHS - TWO-THIRDS OF THE ESTIMATED $5 BILLION REDUCTION IN Q4 AND FY EARNINGS IS DUE TO REPATRIATION TAX - SEC FILING

* GOLDMAN- REMAINING ESTIMATED REDUCTION IN Q4,FY EARNINGS DUE TO TERRITORIAL TAX SYSTEM,REMEASUREMENT OF DEFERRED TAX ASSETS AT LOWER CORPORATE TAX RATES Source text: (bit.ly/2BVIxQU) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below