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Shell and Barclays ‘lose’ £2bn in US tax changes

December 27 2017, 5:00pm

Two of Britain’s largest companies have warned that they will have to take nearly £2 billion in combined charges after the US government pushed through a radical overhaul that slashed tax rates for companies doing business in America. Royal Dutch Shell said in a statement to the stock market that the tax cut would lead it to take a hit to its earnings of between $2 billion and $2.5 billion. FULL ARTICLE

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