San Mateo, CA-Based Investment Advisory Firm Franklin Resources Dec 2017 Quarter Pretax Income Was Up 5% Over the 4Q 2016 ....................................................................................... Dec 2017 Quarter Net Income Declined By $991 Mil, But That Was Due to the Tax Cost From Repatriating Foreign Earnings Exceeding By an Estimated $1.1 Bil the Tax Debt Forgiveness Granted to Franklin Resources By the US Trump Tax Bill ....................................................................................... Surprisingly, Franklin Resources Decided To Not Break Out For Investors the Two Material Tax Components of Impact of the Trump Tax Bill on Its Dec 2017 Quarter Earnings