Tourism Holdings expects up to $3M annual recurring benefit from US tax changes

Thu, 21 Dec 2017

By Rebecca Howard Dec. 21 (BusinessDesk) - Tourism Holdings says annual profit will be about 10 percent higher from new tax legislation passed in the US. The Republican-controlled US House of Representatives gave final approval on Wednesday to the biggest overhaul of the US tax code in 30 years that includes tax cuts and a new deduction on business income. Auckland-based Tourism Holdings expects that will boost net profit by between $2.3 million and $3 million based on the current distribution of its earnings across US states, current...

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