Contact Us: 01282 426380
KM Financial Solutions | UPDATE 1-Morgan Stanley to take $1.25 bln hit in Q4 from tax bill
6954
post-template-default,single,single-post,postid-6954,single-format-standard,qode-quick-links-1.0,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,hide_top_bar_on_mobile_header,qode-child-theme-ver-1.0.0,qode-theme-ver-11.2,qode-theme-bridge,wpb-js-composer js-comp-ver-5.2.1,vc_responsive
 

UPDATE 1-Morgan Stanley to take $1.25 bln hit in Q4 from tax bill

04 Jan UPDATE 1-Morgan Stanley to take $1.25 bln hit in Q4 from tax bill

Posted at 12:20h in News by
0 Likes
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.

No Comments

Sorry, the comment form is closed at this time.