Sentences with phrase «tax writedown»

«We expect to earn back the tax writedown in the first year through the lower tax rate on U.S. earnings,» he told analysts on a conference call.

Not exact matches

Net profit included a writedown of 2.865 billion Swiss francs in the fourth quarter of deferred tax assets due to the introduction a new tax cuts and the jobs act in the United States.

The Swiss bank UBS reported a net profit of 1.2 billion Swiss francs ($ 1.25 billion) for the whole of 2017, weighed down by a writedown in the fourth quarter that related to the new U.S. tax overhaul.

The No. 1 U.S. mortgage financing company swung back from a net loss of $ 6.53 billion in the fourth quarter due to a $ 9.9 billion writedown of its deferred tax assets tied to the sweeping federal tax...

Several of Canada's lenders with U.S. exposure have indicated they expect to record a writedown in the first quarter to reduce the value of deferred tax assets, but are expecting a long - term, sustainable boost to their earnings from the tax cut.

Barclays expects to take a writedown of about 1 billion pounds ($ 1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement on Wednesday.

The loss was largely due to a $ 916 million impairment charge on its long - lived assets, stemming both from a major tax and export dispute between its 64 - per - cent owned Acacia Mining and the Tanzanian government, and the partial writedown of its Pascua Lama project after the Chilean government ordered it to close all surface facilities.

First - quarter results, however, will be impacted by one - time writedowns as the banks reduce the value net deferred tax assets already held on company balance sheets.

Like its peers on Wall Street, Goldman had to take a paper writedown due to the tax reform legislation Congress passed in December.

Unfortunately, Mr. Krugman's failure to see today's economic problem as one of debt deflation reflects his failure (suffered by most economists, to be sure) to recognize the need for debt writedowns, for restructuring the banking and financial system, and for shifting taxes off labor back onto property, economic rent and asset - price («capital») gains.

With these straightforward, if still painful, solutions closed off it may take a muddle of austerity, higher taxes, debt writedowns and perhaps guarantees from Washington to help fix the mess.

And boy, this approach can deliver — what emerges from the mist can really amaze sometimes... Remember, most writedowns, «compliance», interest (/ capital structuring), taxes etc. happen at the corporate level.