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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: 3312371" data-attributes="member: 8481"><p>I'll take you one step further.</p><p></p><p>FedEx had a $1.8B deferred tax liability last year. </p><p></p><p>This is what FedEx predicted a huge profit from under the new tax law. </p><p></p><p>[ATTACH=full]176011[/ATTACH] </p><p></p><p>So, does UPS have just as high deferred tax liabilities as FedEx?</p><p></p><p>Nope. Far from it.</p><p></p><p>UPS did not report a deferred tax liability, they actually reported a deferred tax asset.</p><p></p><p>This actually hurts them, and will cost them under the new tax law, it will not help them.</p><p></p><p><a href="https://www.bloomberg.com/view/articles/2017-12-27/tax-bill-will-deliver-a-corporate-earnings-gusher" target="_blank">Tax Bill Will Deliver a Corporate Earnings Gusher</a></p><p></p><p>[ATTACH=full]176010[/ATTACH] </p><p></p><p>You're comparing apples to oranges. One company has huge deferred tax liabilities and the other company has huge deferred tax assets. </p><p></p><p>Big difference under the new tax law.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 3312371, member: 8481"] I'll take you one step further. FedEx had a $1.8B deferred tax liability last year. This is what FedEx predicted a huge profit from under the new tax law. [ATTACH=full]176011[/ATTACH] So, does UPS have just as high deferred tax liabilities as FedEx? Nope. Far from it. UPS did not report a deferred tax liability, they actually reported a deferred tax asset. This actually hurts them, and will cost them under the new tax law, it will not help them. [URL="https://www.bloomberg.com/view/articles/2017-12-27/tax-bill-will-deliver-a-corporate-earnings-gusher"]Tax Bill Will Deliver a Corporate Earnings Gusher[/URL] [ATTACH=full]176010[/ATTACH] You're comparing apples to oranges. One company has huge deferred tax liabilities and the other company has huge deferred tax assets. Big difference under the new tax law. [/QUOTE]
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UPS PROJECTED PROFIT INCREASE DUE TO NEW TAX PLAN
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