For Some Companies, Tax-Cut Gains Are Smaller Than They Once Appeared

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For Some Companies, Tax-Cut Gains Are Smaller Than They Once Appeared

For Some Companies, Tax-Cut Gains Are Smaller Than They Once Appeared

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With income season in complete swing, buyers are beginning to be told which corporations have been overly positive about their tax cuts.

Casino chain Las Vegas Sands Corp. has already taken a $727 million hit to its fourth-quarter benefit, after a company tax legislation proposed in November made the 2017 tax overhaul much less favorable than the corporate anticipated. International Business Machines Corp. mentioned the similar provision decreased its benefit via $1.nine billion within the fourth quarter.

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