To the extent that a company's accounting for certain income
tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in the financial statements.
Not exact matches
If there is an immediate threat to lofty stock valuations, it will likely be investors overestimating the
effect of GOP
tax reform going forward, says Wilson.
GAAP earnings per share
of $ 2.67, plus or minus $ 0.20, including the impact
of wind energy restructuring and one - time
tax reform
effects;
And while there are lots
of high - income earners who will be affected, it has an unintended side
effect that small - business owners (the restaurant owner, the bike shop repairman and the dry cleaning operator), who are considered the backbone
of the economy, would likely have to pay higher
taxes — and be worse off financially — as well.
Businesses with more than 50 employees that do not offer coverage will be
taxed based on the size
of their payrolls, but the cost will be significantly less than the cost
of providing insurance benefits, and the
tax is not set to go into
effect until the 2014 fiscal year.
However, if we look at estimates
of earnings before interest and
taxes, which removes the
effect of tax payments, the S&P is expected to see an increase
of 8.6 percentage points.
Since these are largely public sector jobs at the provincial or municipal level, the characteristics
of the local
tax base has an
effect.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the build rates
of certain aircraft; 6) the
effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the
effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the
effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact
of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the
effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the
effect of changes in
tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
tax law, such as the
effect of The
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the
effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
«The long - term positive
effects of tax reform and less extreme regulation is not being given the merit it deserves,» wrote Richard I. Sichel, senior investment strategist at Philadelphia Trust.
The difference between total profit (up 16.7 percent) and EBIT (up 8.1 percent) is roughly the
effect of taxes.
Since these are largely public sector jobs at the provincial or municipal level, the characteristics
of the local
tax base has an
effect on what you'll earn.
In the opinion
of the Company's management, adjusted book value per share is useful in an analysis
of a property casualty company's book value per share as it removes the
effect of changing prices on invested assets (i.e., net unrealized investment gains (losses), net
of tax), which do not have an equivalent impact on unpaid claims and claim adjustment expense reserves.
Adjusted shareholders» equity is shareholders» equity excluding net unrealized investment gains (losses), net
of tax, included in shareholders» equity, net realized investment gains (losses), net
of tax, for the period presented, the
effect of a change in
tax laws and
tax rates at enactment (excluding the portion related to net unrealized investment gains (losses)-RRB-, preferred stock and discontinued operations.
Core income (loss) is consolidated net income (loss) excluding the after -
tax impact
of net realized investment gains (losses), discontinued operations, the
effect of a change in
tax laws and
tax rates at enactment, and cumulative
effect of changes in accounting principles when applicable.
These short - term factors include: unclear payrolls data due to weather
effects, uncertainty over the leadership
of the Fed and comments
of a potential 10 percent repatriation
tax for U.S. firms, according to Gallo.
Some say the benefit
of tax - loss harvesting is overstated, that the net
effect of selling securities that are down and buying them back really just amounts to a
tax deferral for most.
The amnesty program is expected to take
effect once SSTP receives approval in enough states to represent 20 percent
of the total population
of the states where a sales
tax is imposed.
One
of them, Berkeley's Emmanuel Saez, said the incomes
of the richest Americans surged last year in part because they cashed in stock holdings to avoid higher capital gains
taxes that took
effect in January.
As for the broader
effects of the GOP
tax law, Pfizer said that it would pay $ 15 billion in
taxes over the next eight years in order to repatriate overseas cash as its effective
tax rate falls from about 20 % to 17 %.
Seattle's City Council on Friday released new draft legislation that would
tax large employers in order to raise $ 75 million next year to counter the
effects of rising rents and house prices.
WASHINGTON (AP)-- The combined
effects of President Trump's
tax cuts and last month's budget - busting spending bill is sending the government's budget deficit toward the $ 1 trillion mark next year, according to a new analysis by the Congressional Budget Office.
Just examining a person's hourly wage does not consider the
effects of taxation, social programs or
tax credits on their after -
tax income.
That's overshadowing the positive
effect of the new GOP
tax law for Apple, JPMorgan says.
«We expect investors will ignore the EPS slowdown given one - time hurricane
effects and the focus on benefits from corporate
tax reform,» a group
of the firm's strategists led by David Kostin wrote in a client report, noting that optimism around
tax measures was crucial in the S&P 500's ascent to new records last week.
The 3 percent withholding
tax due to take
effect at year - end has unleashed a groundswell
of opposition among business owners and advocates.
On June 30, the last day the old provincial sales
tax remained in
effect, a coalition fronted by former Social Credit premier Bill Vander Zalm presented a petition
of 557,383 valid signatures to the province's chief electoral officer, which forces a bill abolishing the HST to be either voted on in the legislature or put to a referendum.
In cases when they do - such as with the work disincentive
effects of means - tested
tax credits used for the purchase
of health insurance - it's better to hold off on those attacks or make them more nuanced.
Such risks, uncertainties and other factors include, without limitation: (1) the
effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels
of end market demand in construction and in both the commercial and defense segments
of the aerospace industry, levels
of air travel, financial condition
of commercial airlines, the impact
of weather conditions and natural disasters and the financial condition
of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization
of the anticipated benefits
of advanced technologies and new products and services; (3) the scope, nature, impact or timing
of acquisition and divestiture or restructuring activity, including the pending acquisition
of Rockwell Collins, including among other things integration
of acquired businesses into United Technologies» existing businesses and realization
of synergies and opportunities for growth and innovation; (4) future timing and levels
of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability
of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope
of future repurchases
of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level
of other investing activities and uses
of cash, including in connection with the proposed acquisition
of Rockwell; (7) delays and disruption in delivery
of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits
of organizational changes; (11) the anticipated benefits
of diversification and balance
of operations across product lines, regions and industries; (12) the outcome
of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact
of the negotiation
of collective bargaining agreements and labor disputes; (15) the
effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the
effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the
effect of changes in
tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax (including U.S.
tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax reform enacted on December 22, 2017, which is commonly referred to as the
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
Tax Cuts and Jobs Act
of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability
of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition
of conditions that could adversely affect the combined company or the expected benefits
of the merger) and to satisfy the other conditions to the closing
of the pending acquisition on a timely basis or at all; (18) the occurrence
of events that may give rise to a right
of one or both
of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee
of $ 695 million to United Technologies or $ 50 million
of expense reimbursement; (19) negative
effects of the announcement or the completion
of the merger on the market price
of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation
of their businesses while the merger agreement is in
effect; (21) risks relating to the value
of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability
of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
A slew
of residents in Washington, DC, did not wait until the Republican
tax overhaul went into
effect to get around one
of its new provisions.
Under Section 5
of the Voting Rights Act, about 800 counties with histories
of racially - discriminatory voting laws — going back to poll
taxes and literacy tests — had to get the Justice Department's approval beforehand (a process called pre-clearance) before such laws could take
effect.
Profits are shown after
taxes, extraordinary credits or charges, cumulative
effects of accounting changes, and noncontrolling interests (including subsidiary preferred dividends), but before preferred dividends
of the company.
But regular Americans won't feel the
effects of tax reform until spring 2019, when they file
taxes for 2018.
The growing recognition
of the negative
effects of corporate
tax rates explains why Canada and other OECD countries have made it a point to reduce corporate income
taxes over the past few decades:
And,
of course, there's the more recent passage
of the
tax bill, which will have an
effect on what you pay and hopefully get back from Uncle Sam.
Beneficial
effect of lower effective
tax rate in light
of pricing and benefit design assumptions associated with the 2017 temporary suspension
of the non-deductible health insurance industry fee; excludes Individual Commercial segment impact
The
tax, which takes
effect Tuesday, was introduced by the British Columbia government with the intent
of improving home affordability in Metro Vancouver, where house prices are among the highest in North America.
However, we saw the
effect of cutting the jackpot in half when considering the
effect of taxes.
Adjustment
of $ 0.05 per diluted common share related to provisional estimates for the income
tax effects related to the Tax Reform L
tax effects related to the
Tax Reform L
Tax Reform Law.
Investors could see even more gains in 2018 thanks to underappreciated
effects of tax reform, according to UBS analysts.
If the original
tax base is $ 263 billion and if nothing else changes — the assumption you have to make in assessing the
effects of a policy — then this information is enough to put some numbers on the sort
of revenues you can expect to generate by an increase in corporate
tax revenues.
And the
effects of the
tax cuts will change dramatically after 2025 when individual income
tax cuts are scheduled to expire, reported the WSJ.
U.S. Senate Republicans» version
of a
tax cut bill will delay corporate rate cuts by one year to take
effect in 2019, and will not include a repeal
of Obamacare's individual mandate, Republican Senate Finance Committee member Bill Cassidy said ahead
of the plan's release later on Thursday.
The January
effect is also a stock market phenomenon that occurs at the end
of the year as investors begin to fret over
taxes.
Some people believe it is a result
of year - end
tax considerations, while others say it's because all the market pessimists are away on holidays or because people are buying stock in anticipation
of the January
effect.
The net
effect is that the asset passes to someone else as if you predeceased the person willing it, letting you sidestep most
of the
tax and financial repercussions
of taking it.
To reach that compromise, lawmakers agreed that, on midnight
of Dec. 31, a series
of tax increases and spending cuts would automatically take
effect.
The state has since been bumped from the list by the Dominican Republic and Portugal, but still grapples with double - digit unemployment, the after -
effects of the housing bubble and a US$ 1.3 - billion drop in income
tax revenue in the first four months
of this year.
Income
tax effects of the foregoing non-GAAP items.
Blackwell said she's skeptical
of the Fed's apparent optimism that the recent
tax cut legislation had any beneficial
effects on communities in need.
Earnings before interest,
taxes and one - time items rose 20 % to 4.13 billion kroner ($ 652 million), beating estimates
of 3.82 billion kroner Sales rose 2 % on a basis that excludes currency and acquisition
effects, compared with analysts projections for growth
of 3.2 % Debt reduced by 14 % to 21.9 billion kroner Carlsberg reduced its full - year forecast for gains from currency shifts to 50 million kroner from 300 million kroner.