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Firms warn of hits from tax cuts. Don’t be fooled

It should sound like unhealthy information.

Over the following few weeks, a number of the world’s largest firms, family names together with Microsoft, Google and Johnson & Johnson, are more likely to warn that their monetary outcomes might be severely dented, if not altogether worn out, by big tax payments that they should pay the IRS.

Don’t be fooled.

The massive one-time losses are a prelude to even greater income — a paradox attributable to the tax cuts that lately zoomed by way of Congress and that largely profit firms.

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