Before CNHI releases its preliminary 2017 accounts next Tuesday, it has released the impacts from income tax regime changes in the USA and the UK and from the de-consolidation of its Venezuelan operation. As we are using IFRS accounts, the numbers stated by management were non-cash charges of $20m stemming from the tax regime changes and $50m from the development in Venezuela.
26 Jan 2018
Tax regime changes and Venezuela have taken minor tolls on earnings
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Tax regime changes and Venezuela have taken minor tolls on earnings
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
26 Jan 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Before CNHI releases its preliminary 2017 accounts next Tuesday, it has released the impacts from income tax regime changes in the USA and the UK and from the de-consolidation of its Venezuelan operation. As we are using IFRS accounts, the numbers stated by management were non-cash charges of $20m stemming from the tax regime changes and $50m from the development in Venezuela.