Barclays says Trump tax changes will knock £1bn off its profits
by Rupert Neate from Economics | The Guardian on (#3BRRT)
Bank is one of many financial institutions around the world facing writedowns due to biggest changes to US tax code since 1980s
Barclays has said Donald Trump's US tax changes will knock about 1bn off its profits.
The bank said the bill, which was signed into law last week, would make it harder for it to deduct past losses from future tax bills.
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