Shell, Barclays Detail Billions in Tax-Linked Charges

Mony
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LONDON—Royal Dutch Shell PLC and Barclays Bank PLC said they would take large charges attributable to the U.S. tax overhaul—joining a parade of global firms in recent days disclosing how American tax-bill changes will affect their bottom line.

Shell estimated its U.S. tax-related charge in the fourth quarter could amount to between $2 billion and $2.5 billion, stemming from a reduction in the value of its deferred tax assets. Companies can log such assets during unprofitable periods and can use them to offset future tax payments….

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