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  Freud und Leid: German companies shaken by US tax reform | News | Bit Updates
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Freud und Leid: German companies shaken by US tax reform | News

Friday, December 22nd, 2017 | bitcoin updates

FRANKFURT (dpa-AFX) – German companies are shaken up financially by the tax reform of US President Donald Trump. Several listed companies announced on Friday evening, what they currently calculate by the changes. Trump had signed the law on tax reform this Friday. At the core is a massive reduction in corporate income tax rates from 35 percent to 21 percent. Because companies are required to revalue previously recognized future tax liabilities and receivables by lowering tax rates, the law has had a massive impact on the profits of companies doing business operate in the US. At first, however, there is no money flowing: the only effect is that already recorded balance sheet items are valued differently – sometimes with more, sometimes less positive, outcomes. At Daimler, it should be around 1.7 billion euros special income, which melts because of opposing effects on the bottom line, but probably to a billion. At BMW, there are between 0.95 billion and 1.55 billion euros more net profit. The particularly active in the US dialysis specialist Fresenius Medical Care calculates with a book profit of 200 million euros, the mother Fresenius (Fresenius SECo) with approximately 90 million euros – of which, in turn, a part of the Dialysetochter kommt.Bei other companies, however, tears the tax reform holes. So at Heidelberger Druck (Heidelberger Druckmaschinen) from the SDAX: Because the printing press manufacturer has accumulated high loss carryforwards in the past and he can no longer assert these now in the current amount, he has to write off 25 million euros. This destroys the Heidelbergers' net prognosis. Actually, they had expected a moderate increase in after-tax earnings in financial year 2017/18 (end of March), now it will fall significantly from the previous year's value of 36 million euros. However, hand pressure had already warned that a tax reform could lead to negative effects. In addition, the company also expects the positive consequences of the reform: The existing investment restraint should now dissolve and noticeably revive the business.Also with QIAGEN the tax reform goes into the money. In the fourth quarter, the genetic diagnostics and biotech business will write down its tax position from $ 110 million to $ 120 million, and another $ 7 million next year. The reason is mainly the new US tax law. For Qiagen this is not a pappenstiel: Adjusted for special items and costs for the reorganization of the company, the company aims to achieve earnings per share of $ 1.25 to $ 1.27 this year. The tax reform will cost up to 52 cents per share this year


dpa-AFX Brsentag at a gla

FRANKFURT (dpa-AFX) —————————————- —————————————SHARES———- ————————————————– ——————- GERMANY: – DAX EXPECTED AT MULTI-MONTH LEVEL

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