Swiss Bank Giant UBS Group AG With a Stock Market Cap of US$68 Bil Had a Surprisingly High 39% of Its 2016 Total Operating Income Earned in the US and an Even Larger 44% of Its 2016 Total Non-Current Assets Located in the US ..... UBS Has a Large Deferred Income Tax Asset (DTA) From the Huge Carried Forward Losses Due To the 2008 Financial Meltdown, Which Has a 67% Reserve Established Against It ..... Due to the Large DTA, UBS Will Be Hurt Initially From the Trump Tax Bill, But Should Benefit in the Long Run From the 40% Cut in the US Corporate Federal Income Tax Rate

From UBS Group's US SEC Filings