Goldman Sachs Takes One-Time $5 Billion Hit From US Tax Bill

Goldman Sachs Group Inc. pronounced a U.S. taxation remodel will cut gain this year by about $5 billion, especially since of a taxation targeting gain hold abroad.

About dual thirds of a strike comes from a repatriation tax, a association pronounced in a filing on Friday. Implementation of a territorial taxation complement and remeasuring U.S. deferred taxation resources also minister to a charge.

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