Friday, January 26, 2018

Chicago Area Multi-National Drug Co AbbVie Cleans Up Under the Trump Tax Bill ...................................................................................... First, the Trump Tax Bill Requires AbbVie To Reduce Its 4Q 2017 Earnings By $4.509 Bil and and Pay That Same Amount of Income Tax Over the Next 8 Years, Which Is at Very Cheap Income Tax Rate, Due To the Mandatory Taxation on Previously Unpatriated Foreign Earnings ...................................................................................... And Second, the Trump Tax Bill Increases AbbVie's 4Q 2017 Earnings By $3.267 Bil By Predominately Rewarding AbbVie With Roughly the Same Amount of Forgiveness of Its Existing Tax Debt, All Funded By US Taxpayers ...................................................................................... It's Good To See That AbbVie Has Been Very Transparent in Its Reporting of the Impact of the Trump Tax Bill on AbbVie