In the USA, a fundamental tax reform has become effective on 22 December 2017.
An essential element of this tax reform is the reduction of the federal corporate tax rate from 35% to 21% as of the beginning of the year 2018. In addition, the regulations regarding the utilization of loss carryforwards were changed. As a consequence, especially deferred tax assets on losses and interest carried-forwards must be re-measured in the consolidated financial statement for 2017.
Based on initi
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