Shell’s operations seen boosted by US tax overhaul

The change in U.S. tax legislation, which is actually a reduction to 21 percent through 35 percent, will affect Shell’s fourth-quarter 2017 results although added the “analysis of the actual impact is actually not yet complete.”

The Anglo-Dutch company said This kind of expects to provide details of the impact of the tax reform, which is actually effective through Jan. 1, in its fourth-quarter 2017 results.

However, Shell said This kind of could have incurred a charge to earnings of $2.0 to 2.5 billion, on the basis of its third-quarter statements.

On Dec. 22, U.S. President Donald Trump signed the $1.5 trillion tax overhaul into law, cutting tax rates for businesses along with offering some temporary cuts for some individuals along with families.

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