Smiths sees favourable medium term impact of US from US tax change
Smiths Group
1,603.00p
16:44 25/04/24
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-5.00p
Smiths Group said the net impact of new US tax legislation on the group would be “favourable over the medium term”.
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In a statement, the company said it anticipated a headline effective tax rate of 27.5-28.5%, which includes the one-off adverse revaluation of the deferred tax asset position for the current financial year.
Smiths added the headline effective tax rate is estimated to be in the range of 23%-25% for the next financial year and beyond.