Jan 2 (Reuters) - Brambles Ltd (BXB) said on Tuesday it estimates a $125 million to $155 million one-time benefit due to the passing of the Tax Cuts and Jobs Act in the United States.
The pallets and container company said in a statement the one-time non-cash benefit to its income tax expense as at Dec. 31, 2017, would be due to a lower deferred tax liability in the United States.
Brambles also said that, apart from the tax rate reduction, there were a "number of measures" that could affect the company negatively. It did not elaborate.
News: BXB Australia's Brambles estimates one-time tax benefit from U.S. tax reform
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Last
$25.72 |
Change
-0.180(0.69%) |
Mkt cap ! $35.16B | |||
| Open | High | Low | Value | Volume |
| $25.85 | $25.89 | $25.43 | $64.59M | 2.524M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15980 | $25.67 |
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| Price($) | Vol. | No. |
|---|---|---|
| $25.76 | 6570 | 1 |
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| BXB (ASX) Chart |