Trump’s tax reform: Man United post $40.4m loss

in #sport • 6 years ago

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Trump’s tax reform: Man United post $40.4m loss

Published February 8, 2018
Manchester United blamed US President Donald Trump’s corporate tax reforms as the reason the Premier League giants posted a £29 million ($40.4 million) second quarter loss to the end of December 2017 despite a boom in broadcast income.

United said an exceptional “accounting write off of £48.8 million” had been made with the US corporate tax rate to tumble from 35 percent to 21 percent following Trump’s substantive enactment of US tax reform in December.

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