Thursday, March 15, 2018

Singapore-Legally HQed Technology Co Broadcom Ltd Generated Jan 2018 Quarter Net Income of $6.581 Bil, Up a Truly Spectacular 24 TIMES From Its Jan 2017 Quarter Net Income of $257 Mil ....................................................................................... Broadcom Ltd Received a US Federal Income Tax Benefit of $5.810 Bil in the Jan 2018 Quarter Effectively From the Very Lucrative US Federal Income Tax Debt Forgiveness Feature in the US Trump Tax Cuts Act ....................................................................................... This $5.810 Bil US Federal Income Tax Benefit Comprised 88% of Broadcom's Jan 2018 Quarter Total Net Income of $6.581 Bil ....................................................................................... US President Trump May Have Put the Kibosh on Broadcom's Attempted Acquisition of US-Based Qualcomm, But Then He Also Bestowed An Economic Income Tax Gift of $5.8 Bil on Singapore-Based Broadcom Due to the Economic and Accounting Impact of His Trump Tax Cuts Act on Broadcom's Jan 2018 Quarter Earnings