Loomis positively affected by the US tax reform
The president of the United States, Mr. Donald Trump, has turned the US tax reform into legislation by signing the Tax Cuts & Jobs Act (TCJA). The TCJA’s main impact on Loomis in the fourth quarter this year is the reduction of the corporate tax rate in the US from 35 to 21 per cent. As a consequence of the reduced tax rate in the US, Loomis expects, based on current estimates, to account for a one-off positive tax income in the range of SEK 55 to 70 million during the fourth quarter of 2017. The one-off positive tax income is due to revaluations of future tax liabilities, which Loomis