Wednesday, November 16, 2016

Citigroup CFO says U.S. tax rate cut could bring $4 billion charge

NEW YORK (Reuters) - If federal corporate tax rates decline 20 percent under President-elect Donald Trump, Citigroup Inc may have to take a $4 billion charge to profits to reflect lower values for its deferred tax assets, the bank's chief financial officer said on Wednesday.

Read more

No comments:

Post a Comment