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UPS Union Issues
UPS PROJECTED PROFIT INCREASE DUE TO NEW TAX PLAN
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<blockquote data-quote="Mugarolla" data-source="post: 3307442" data-attributes="member: 8481"><p>That is not from the tax decrease alone.</p><p></p><p><a href="http://money.cnn.com/2017/12/20/investing/fedex-taxes-earnings/index.html" target="_blank">FedEx may get $1.5 billion boost from tax cut</a></p><p></p><p><em>"But the shipping giant told investors in its earnings release that its annual profits for fiscal 2018 could increase by $4.40 to $5.50 a share,<strong> mainly due to a change in how it values deferred tax liabilities</strong> as well as the cut in the corporate tax rate to 21%."</em></p><p></p><p>And the lower corporate tax rate....</p><p></p><p><em>"The lower tax rate on its own will lead earnings to be as much as $1 a share higher, FedEx said."</em></p><p><em></em></p><p>This will result in a $268M increase in profit, not $1.5B on its own.</p><p></p><p>UPS expects a higher increase, $650M, so there you go.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 3307442, member: 8481"] That is not from the tax decrease alone. [URL='http://money.cnn.com/2017/12/20/investing/fedex-taxes-earnings/index.html']FedEx may get $1.5 billion boost from tax cut[/URL] [I]"But the shipping giant told investors in its earnings release that its annual profits for fiscal 2018 could increase by $4.40 to $5.50 a share,[B] mainly due to a change in how it values deferred tax liabilities[/B] as well as the cut in the corporate tax rate to 21%."[/I] And the lower corporate tax rate.... [I]"The lower tax rate on its own will lead earnings to be as much as $1 a share higher, FedEx said." [/I] This will result in a $268M increase in profit, not $1.5B on its own. [I][/I] UPS expects a higher increase, $650M, so there you go. [/QUOTE]
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UPS PROJECTED PROFIT INCREASE DUE TO NEW TAX PLAN
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