Société Générale: impacts of fiscal items in Q4 2017

(CercleFinance.com) - The short-term accounting impact of the tax rate change in the United States and the valuation of deferred tax assets of the United States fiscal group will lead Société Générale to record a charge of 307 million dollars in its Q4 2017 accounts.


As of 2018, the reduction of the federal tax rate will have a favourable impact on the profitability of the Group's operations in the United States.

Société Générale also announces the receipt of a proposal for rectification following a tax audit of the French administration on various operating taxes and draws the consequences from the judgment of the Second Court of Appeal of Paris of 21 December 2017 on the dematerialisation of the processing of cheques.


Copyright (c) 2018 CercleFinance.com. All rights reserved.