Goldman Takes One-Time $5 Billion Hit From New US Tax Law - Bloomberg

Bloomberg

Goldman Takes One-Time $5 Billion Hit From New US Tax Law Bloomberg Goldman Sachs Group Inc. said the U.S. tax reform will cut profit this year by about $5 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 ... Goldman Sachs expects $5 billion hit from tax overhaul in 4QABC News GOLDMAN SACHS: Trump's tax overhaul will wipe out $5 billion of profits in the 4th quarterBusiness Insider Goldman Sachs Dealt $5 Billion Profit Blow Thanks to New Tax LawTheStreet.com CNBC -The Hill -Wall Street Journal -Chicago Tribune all 106 news articles »

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