Tuesday, February 20, 2018

UK-Based Reckitt Benckiser, Which Acquired Evansville, IN-Based Mead Johnson Nutrition, Generated Annual 2017 Net Income of British Pound Sterling (BPS) 3.393 Bil, Up 96% or Up BPS 1.660 Bil From Annual 2016 Net Income of BPS 1.733 Bil ....................................................................................... UK-Based Reckitt Benckiser Received a US Federal Income Tax Benefit of BPS 1.595 Bil (US$ 2.233 Bil) in Annual 2017 From the Very Lucrative US Federal Income Tax Debt Forgiveness Feature in the US Trump Tax Cuts Act and Also Incurred an Income Tax Expense of BPS 0.174 Bil Due to the Foreign Earnings Toll Tax Expense For a Net US Federal Income Tax Benefit of BPS 1.421 Bil in Annual 2017 Due to the Trump Tax Cuts ....................................................................................... This BPS 1.421 Bil Net Income Tax Benefit Due to the Trump Tax Cuts Comprised 86% of Its Annual 2017 Total Net Income Improvement of BPS 1.660 Bil From Annual 2016