Trending FOX BUSINESS News: BP Sees U.S. Earnings Boost from Tax Change; Will Take $1.5 Billion One-Off Charge

Unknown January 02, 2018 0

BP Sees U.S. Earnings Boost from Tax Change; Will Take $1.5 Billion One-Off Charge

BP PLC (BP.LN) said Tuesday that it expects recent changes to U.S. corporate taxes to boost its future earnings, but added that it will take a one-off $1.50 billion non-cash charge due to the revaluation of deferred tax assets and liabilities.

via FOX BUSINESS NEWS
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