Citi could face $20 billion one-time hit if GOP tax plan becomes law, CFO says

Citi could face billion one-time hit if GOP tax plan becomes law, CFO says
As understood now, the tax plan could force a $16 billion to $17 billion hit from writing off deferred tax assets, Citi’s CFO said. Another $3 billion to $4 billion would come from taxes on cash held abroad. Citigroup would take a $20 billion upfront hit …
Citi could face billion one-time hit if GOP tax plan becomes law, CFO says

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