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KM Financial Solutions | Morgan Stanley to take $1.25 bln hit in Q4 from tax bill
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Morgan Stanley to take $1.25 bln hit in Q4 from tax bill

04 Jan Morgan Stanley to take $1.25 bln hit in Q4 from tax bill

Posted at 12:08h in News by
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Jan 5 (Reuters) – Morgan Stanley said on Friday it
would take a $1.25 billion hit in its fourth-quarter earnings
due to a cut in corporate tax rate as part of the U.S. tax code
overhaul.
The net blow of the bill to the bank will include about a
$1.4 billion net discrete tax provision, mainly due to the
remeasurement of certain net deferred tax assets using the
lowered corporate tax rate, the company said in a filing.

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