UPDATE 2-Goldman to take one-time $5 bln hit to profit from new tax law
28 Dec UPDATE 2-Goldman to take one-time $5 bln hit to profit from new tax law
Posted at 15:01h
in
News
by KMFSLLP
Dec 29 (Reuters) – Goldman Sachs Group Inc said on
Friday it expects fourth-quarter earnings to decrease by about
$5 billion, as the bank looks to take advantage of a new tax law
that makes it cheaper for U.S. companies to repatriate profits.
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