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Goldman Warns of $5B Earnings Hit from New Tax Law

by Reuters | Jan 2, 2018 | Banking & Lending, CR Daily, Executive Briefing, Industry News

Goldman Sachs Group Inc. said on Friday it would take a $5-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 Warns of $5B Earnings Hit from New Tax Law

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