{"id":4530,"date":"2018-01-08T07:57:43","date_gmt":"2018-01-08T07:57:43","guid":{"rendered":"http:\/\/www.findadistributor.com\/news\/?p=4530"},"modified":"2018-01-08T07:57:43","modified_gmt":"2018-01-08T07:57:43","slug":"konecranes-commentates-tax-reform","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/konecranes-commentates-tax-reform\/","title":{"rendered":"Konecranes Commentates on Tax Reform"},"content":{"rendered":"

A new tax reform legislation will come into effect in the USA, which includes, among other things, a reduction in the U.S. federal corporate income tax rate from 35 to 21% from the beginning of the tax year 2018 and one-time tax expense for undistributed profits on overseas assets for US companies.<\/p>\n

The tax reform will reduce Konecranes<\/a>\u2019 deferred tax assets in financial year 2017. According to a preliminary analysis, Konecranes<\/a> estimates to report a reduction in deferred tax assets of approximately \u20ac15 million in Q4 2017 and a corresponding tax expense in the income statement as change in deferred taxes.<\/p>\n

The change in the deferred tax assets does not have any cash flow effect for Konecranes<\/a> Group in the financial year 2017. Additionally, the change does not impact the time frame when the deferred tax assets are expected to be utilized.<\/p>\n

\"\"

The tax reform will reduce Konecranes\u2019 deferred tax assets in financial year 2017.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

A new tax reform legislation will come into effect in the USA, which includes, among other things, a reduction in the U.S. federal corporate income tax rate from 35 to 21% from the beginning of the tax year 2018 and one-time tax expense for undistributed profits on overseas assets for US companies. The tax reform… Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":4531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4,10],"tags":[977,5,2374],"class_list":["post-4530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-top","category-news","tag-konecranes","tag-overhead-cranes","tag-us-tax-reform"],"acf":[],"yoast_head":"\nKonecranes Commentates on Tax Reform - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/konecranes-commentates-tax-reform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Konecranes Commentates on Tax Reform - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"A new tax reform legislation will come into effect in the USA, which includes, among other things, a reduction in the U.S. federal corporate income tax rate from 35 to 21% from the beginning of the tax year 2018 and one-time tax expense for undistributed profits on overseas assets for US companies. 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