London Stock Exchange Group PLC US Tax reform impact (5199B)
January 10 2018 - 10:02AM
UK Regulatory
TIDMLSE
RNS Number : 5199B
London Stock Exchange Group PLC
10 January 2018
London Stock Exchange Group plc
US Tax reform impact
London Stock Exchange Group plc (LSEG or Group) has completed
initial assessments of the impact from changes arising from the US
Tax Cuts and Jobs Act, signed into US law at the end of December
2017. While the Act reduces the US Corporate tax rate payable on US
earnings, it also eliminates or reduces some tax deductions
currently available to LSEG. In summary, there is expected to be no
material impact on LSEG, in part due to the manner in which US
acquisitions are financed and also due to the introduction of a new
base erosion anti-abuse tax which will apply to payments for
services provided to our US operations by the wider Group.
Further evaluation of the changes will take place as part of the
preparation of the Group's 2017 financial results, and any
additional update will be provided on announcement of Preliminary
results on 2 March 2018.
Further information is available from:
London Stock Exchange Group plc
+44 (0)20 7797
Paul Froud Investor Relations 3322
+44 (0)20 7797
Lucie Holloway Media 1222
This information is provided by RNS
The company news service from the London Stock Exchange
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January 10, 2018 10:02 ET (15:02 GMT)
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