Monday, March 5, 2018

IBM is One of the Very Few Large US Corps Which Decided to Not Disclose the Amount of the Components of Its $5.475 Bil 4Q 2017 Income Tax Expense Charge Due to the Trump Tax Cuts Act ....................................................................................... This Seems Particularly Strange Since Here's a Quote From IBM's Income Tax Footnote in Its 2016 Annual Report "The company has not provided deferred taxes on $71.4 billion of undistributed earnings of non-U.S. subsidiaries at December 31, 2016, as it is the company’s policy to indefinitely reinvest these earnings in non-U.S. operations." $71.4 Bil is a Lot of Previously Cumulative Foreign Earnings to Deal With in the Trump Tax Cuts Act. ....................................................................................... When a Company With Such a Large Cumulative Foreign Earnings Refuses To Disclose Its Trump Tax Cuts Act Toll Tax, It's Trying to Hide Something