Metso comments on impact of US tax reform legislation

Metso has said that the US tax reform legislation will have a favourable impact on the company’s tax rate going forward. In the financial year 2017, the change will reduce its deferred tax asset. The new legislation includes a reduction in the USA federal corporate income tax rate from 35 percent to 21 percent from the beginning of the tax year 2018.

According to a preliminary analysis, the company estimates to report a reduction in deferred tax asset of approximately €10 million ($12 million) in Q4 2017 and a corresponding deferred tax expense in the income statement.

The change in the deferred tax asset does not have any cash flow effect. In addition, it does not impact the time frame when the deferred tax asset is expected to be utilized.


(Visited 125 times, 1 visits today)

Get involved


As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us


Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs


Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.