Goldman Sachs Takes One-Time $5 Billion Hit From US Tax Bill

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  1. Goldman Sachs Takes One-Time $5 Billion Hit From US Tax Bill  Bloomberg
  2. GOLDMAN SACHS: Trump’s tax overhaul will wipe out $5 billion of profits in the fourth quarter  Business Insider
  3. Goldman Sachs Dealt $5 Billion Profit Blow Thanks to New Tax Law  TheStreet.com
  4. Goldman Sachs Group, Inc. (the) – GS – Stock Price Today – Zacks  Zacks Investment Research
  5. Buy Them. Hold Them. Beat the Market.  Zacks.com
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Goldman Sachs Group Inc. said the U.S. tax reform will cut profit this year by about $ billion, mainly because of a tax targeting earnings held abroad. About two thirds of the hit comes from the repatriation tax, while writing down U.S. deferred tax assets also contributed, the company said in a filing on Friday.. About two thirds of the hit comes from the repatriation tax, the company said in a filing on Friday.. Reuters Goldman Sachs Group Inc GS.N said on Friday it would take a $ billion earnings hit in the fourth quarter for the new U.S. tax law, becoming the first major U.S. bank to detail the law s one time impact on corporate profits held overseas.. Goldman Sachs expects to take a $ billion charge to its fourth quarter earnings as a result of the tax bill that 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 .







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