Goldman Sachs Sees $5 Billion Earnings Hit Ahead of New Tax Law

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  1. Goldman Sachs Sees $5 Billion Earnings Hit Ahead of New Tax Law  New York Times
  2. Goldman Takes One-Time $5 Billion Hit From New US Tax Law  Bloomberg
  3. Goldman Sachs expects $5 billion hit from tax overhaul in 4Q  ABC News
  4. X0306 4 2017-10-20-04:00 false 0000886982 GOLDMAN SACHS GROUP INC GS 0001566418 SCHWARTZ –
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The bank estimated a $ billion charge to fourth quarter earnings, much of it coming from taxes on overseas assets, a regulatory filing shows..Goldman Sachs Group Inc. will take a $ billion earnings charge related to the recent tax overhaul, a one time jolt expected to be followed by a longer term windfall which has nearly $ billion parked abroad, said last week that it expects to incur a tax expense of at least $ billion because of the new law..Goldman Sachs expects to take a $ billion charge to its fourth quarter earnings as a result of the tax bill President Trump signed into law last week, the bank said in a regulatory filing. It is a one time blow for Goldman. The benefits of the law s tax cuts including a reduction of the corporate income tax to .

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