Negative tax impact for Outotec from US tax reform
OUTOTEC OYJ STOCK EXCHANGE RELEASE DECEMBER 27, 2017 AT 11.30 AM Negative tax impact for Outotec from US tax reform The President of the United States signed on December 22, 2017 a tax reform legislation, which will reduce the USA federal corporate income tax rate from 35% to 21% from the beginning of the tax year 2018. According to a preliminary analysis, the change will cause Outotec a maximum EUR 10 million tax expense, which Outotec will reduce in the fourth quarter of 2017 according to the accounting principles from its deferred tax asset related to the tax receivables from