https://www.reuters.com/article/us-ibm-results/ibm-returns-to-growth-but-shares-drop-after-recent-rally-idUSKBN1F732Z
5 replies (most recent on top)
If the tax code gets simpler, there are fewer tricks available to unscrupulous corporations.
How is this possible?
Our ability to perform financial engineering with our tax rate has been greatly reduced, seriously exposing our asses
"IBM forecast a 2018 operating tax rate of 16 percent, plus or minus 2 percentage points, compared with a rate of 12 percent in 2017.
'Tax will be a headwind in 2018,' IBM veteran and new Chief Financial Officer James Kavanaugh said on a conference call."
Translation: "Our ability to perform financial engineering with our tax rate has been greatly reduced, seriously exposing our asses."
The new mainframe release saved their butts. Too bad they're gutting mainframes.
Once she cuts extra 25K through 7/1 we'll see even more growth... Give me a break... The company will be broken down and sold within next 4 years.
Unless blockchain saves us (sic)....