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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: 3315162" data-attributes="member: 8481"><p>Remember, this is exactly what FedEx said and why they expect a $1.5B jump in profit.</p><p></p><p><em><strong>mainly due to a change in how it values deferred tax liabilities as well as the cut in the corporate tax rate to 21%.</strong></em></p><p></p><p>Most of the increase is from tax deferred liabilities.</p><p></p><p>There are articles out there on how companies with tax deferred liabilities will receive a big windfall.</p><p></p><p>But, UPS has no tax deferred liabilities. They actually have net deferred tax assets. There are also articles out there explaining how this hurts companies.</p><p></p><p>I think Citibank actually is taking a $20B charge because of its deferred tax assets. No windfall there. Actually a loss.</p><p></p><p>Other changes in the tax law may help, or hurt, but FedEx did not mention them, so they are probably minimal.</p><p></p><p>I also posted some of the numbers, freely available and published by each company. Look them up yourself if you do not believe mine.</p><p></p><p>This is simple math and accounting. No speculation at at. We know the numbers, we know the new tax code.</p><p></p><p>It's basically plug and play for the numbers and final increase in profit.</p><p></p><p></p></blockquote><p></p>
[QUOTE="Mugarolla, post: 3315162, member: 8481"] Remember, this is exactly what FedEx said and why they expect a $1.5B jump in profit. [I][B]mainly due to a change in how it values deferred tax liabilities as well as the cut in the corporate tax rate to 21%.[/B][/I] Most of the increase is from tax deferred liabilities. There are articles out there on how companies with tax deferred liabilities will receive a big windfall. But, UPS has no tax deferred liabilities. They actually have net deferred tax assets. There are also articles out there explaining how this hurts companies. I think Citibank actually is taking a $20B charge because of its deferred tax assets. No windfall there. Actually a loss. Other changes in the tax law may help, or hurt, but FedEx did not mention them, so they are probably minimal. I also posted some of the numbers, freely available and published by each company. Look them up yourself if you do not believe mine. This is simple math and accounting. No speculation at at. We know the numbers, we know the new tax code. It's basically plug and play for the numbers and final increase in profit. [I][B][/B][/I] [/QUOTE]
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UPS PROJECTED PROFIT INCREASE DUE TO NEW TAX PLAN
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