us tax reform promises big income
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

for German carmakers

US tax reform promises big income

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice US tax reform promises big income

German carmaker BMW welcomed the "positive impact"
Berlin - Emiratesvoice

German carmakers Daimler and BMW said Friday a new sweeping US tax reform giving major breaks to corporations will add hundreds of millions of euros to their 2017 earnings.

The controversial tax overhaul signed into law Friday by billionaire President Donald Trump will slash the US corporate tax rate from 35 percent to 21 percent.As a result, Daimler projected its net income to grow by around 1.7 billion euros ($2 billion) this year.

"The reduction of the federal corporate income tax rate... results in an income tax benefit increasing the net income of the group for the year 2017 by approximately 1.7 billion euros," the company announced in a statement.

BMW also said it expected the tax changes to have a "positive impact" on its 2017 net profit, boosting it by between 950 million and 1.55 billion euros.

Trump this week celebrated his first major legislative victory since taking office a year ago as Congress passed the $1.5 trillion overhaul, set to impact every corner of the economy.

Making good on a vow to push through the tax cuts before Christmas, the 71-year-old endorsed the bill Friday shortly before departing for a year-end break at his Mar-a-Lago resort in Florida, pulling forward a formal signing initially planned for January.

Opposition Democrats have branded the tax plan a giveaway to the wealthiest that risks blowing a hole in the national debt.

GMT 05:58 2017 Tuesday ,26 December

Man rams car into German party HQ

GMT 15:32 2017 Saturday ,16 December

Aubameyang puts Lamborghini up

GMT 11:38 2017 Tuesday ,12 December

Volkswagen boss urges end

GMT 08:26 2017 Monday ,13 November

Urban, young and active?

GMT 09:31 2017 Tuesday ,05 September

Battling to thwart diesel bans
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us tax reform promises big income us tax reform promises big income

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us tax reform promises big income us tax reform promises big income

 



GMT 11:03 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 05:04 2024 Tuesday ,06 February

Skincare PR Performance Full Year 2017

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 10:08 2018 Wednesday ,24 January

Microsoft to open 4 data centres

GMT 05:17 2024 Wednesday ,07 February

Amazon to open first cashierless shop

GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 12:10 2016 Monday ,30 May

French Open braced for washout

GMT 22:24 2018 Monday ,08 January

Police arrest Israeli organ smuggling 'mastermind'

GMT 08:05 2017 Monday ,16 October

Cabinet Affairs Minister receives Iraqi ambassador

GMT 23:05 2017 Thursday ,25 May

Sharjah body calls for intensified

GMT 10:52 2015 Wednesday ,25 March

Sheikha Manal to host Art Exhibition

GMT 00:36 2017 Sunday ,19 March

World’s fastest free Wi-Fi at Dubai Airports

GMT 04:15 2011 Tuesday ,15 November

McGowan in Dolce&Gabbana dress

GMT 15:34 2012 Thursday ,29 November

Katy Perry announces fragrance partnership

GMT 18:31 2016 Tuesday ,05 April

Ras AL Khaimah to host young global leaders debate

GMT 14:50 2017 Wednesday ,08 November

UAE construction projects' value rises to almost Dh3T

GMT 21:05 2017 Saturday ,09 September

Pakistan among top 50 countries with high terror
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice