Thursday, April 26, 2018

Las Vegas Sands Received $526 Mil of Tax Debt Forgiveness From the Trump Tax Cuts Act in Its 4Q 2017 and Thus Its 4Q 2017 Earnings Increased By 124% From the 4Q 2016 ........................................................................................ Shouldn't That Be Enough? No, the Trump Tax Cuts Act Permits Las Vegas Sands To Later Pile On ........................................................................................ Las Vegas Sands 1Q 2018 Earnings Were $1.616 Bil, Up $1.037 Bil or Up 179% From the 1Q 2017 Net Income of $579 Mil ........................................................................................ $670 Mil or 65% of the 4Q 2017 Earnings Increase of $1.037 Bil Was Due To an Income Tax Benefit Recorded in the 1Q 2018 Related To Las Vegas Sands Concluding in the 1Q 2018 That the Application of the Trump Tax Cuts Act Global Intangible Low-Taxed Income Resulted in the Reversal of a Valuation Allowance Against Deferred Income Tax Assets Related To Its Historical Foreign Tax Credits of $670 Mil ........................................................................................ The Trump Tax Cuts Act is the Tax Gift That Keeps On Giving, Especially To Donald Trump's Well-Heeled Buddies