US tax reforms: Lenovo takes a $400 million hit
The personal computer maker is to book a one-off hit of $400m on its deferred assets. What’s in store for treasurers in the biggest tax shakeup for 30 years?
Lenovo Group on Wednesday announced that it was to book a $400 million charge on its deferred tax assets for its results for the nine months ended December 31 in the highest profile example yet of the impact of US President Donald Trump’s tax reforms.
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