Increase in corporate taxes due to U.S. tax reform
First written in FY2018-Q2. 1 of 2 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2018-Q3.
Universal Engeisha moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Materialised".
- FY2018-Q3MaterialisedAnnual report
「In the United States, tax reform legislation was enacted on 22 December 2017 (local date), including a reduction in the federal corporate tax rate from 35% to 21% effective 1 January 2018. Accordingly, deferred tax assets and deferred tax liabilities at the U.S. subsidiary at the end of the quarter were calculated using the statutory effective tax rate based on the amended rate. As a result, deferred tax assets decreased by ¥126.695 million and the adjustment to corporate taxes and other taxes increased by ¥130.722 million.」
The effects of U.S. tax reform were reflected in the accounting treatment, resulting in a decrease in deferred tax assets and an increase in the adjustment to corporate taxes and other taxes. - FY2018-Q2First statedAnnual report
「Following the enactment of the Tax Reform Act in the United States on 22 December 2017, reductions in the federal corporate tax rate and other changes took effect from 2018. If these changes had been applied at the end of the second quarter, corporate taxes and other taxes would have increased by ¥133.173 million.」
The company disclosed the ¥133.173 million increase in corporate taxes and other taxes that would have resulted if the tax rate changes effective from 2018 under the U.S. Tax Reform Act had been applied at the end of the quarter.