Late-year change in income tax rate leads to billions in unexpected profits and losses

(Indiana University) In a paper being published Feb. 5 in Tax Notes, professors from Indiana University and the University of Virginia report that Tax Cuts and Jobs Act this could result in unexpected drops in earnings for two thirds of companies in the Standard& Poor's 500, with a median drop of $100 million.
Source: EurekAlert! - Social and Behavioral Science - Category: International Medicine & Public Health Source Type: news