If newly elected U.S. officials were to reduce federal corporate taxes by 20 percent, Citigroup could have to take a $4 billion charge to profits to reflect lower values for its deferred tax assets, Citi's chief financial officer said on Wednesday.
However a charge of that size and nature would not hurt the amount of capital that Citigroup reports to regulators under rules designed to ensure the soundness of banks, CFO John Gerspach said at an investor conference.
Citigroup CFO says cut in US tax rate could bring $4 billion charge
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