The decrease in net income compared to the previous quarter was mainly due to an estimated revaluation
adjustment of the net deferred tax asset ("DTA revaluation
") through the provision for income taxes as a result of the passage of the U.
The current quarter results were impacted by the Tax Cuts and Jobs Act enacted December 22, 2017, which required a revaluation
of our deferred tax assets and liabilities to account for the future impact of the decrease in corporate tax rate to 21% from 35% and other provisions of the legislation.
Business rates was a broken tax and while this review makes a genuine attempt to increase the transparency of the revaluation
process, it was constrained by having to be revenue neutral.
2 million properties island-wide had not been accounted for until authorities began a revaluation
of properties back in 2013.
LIBERTY Stadium in Swansea could see its business rates jump by a staggering 300% after the recent rate revaluation
Over the second quarter, IFs experienced a positive revaluation
of 3 percent overall, although this was higher for bond funds at 6.
The enumerated revaluation
events generally are considered to be events that change the economic entitlements of the partners.
During the three months ended March 31, 2015 the Company recognized a gain from the revaluation
to fair value of the remaining holding in the investment in First Aviation Services Inc.
ABUSINESS rates revaluation
will cause shockwaves to North Wales high streets - with 'winners and losers' across the region.
Figures from estate agent Colliers show that the department store chain could have saved over PS15 million per year, or PS75 million over five years, had a critical revaluation
gone ahead last year.
The Indian central bank, Reserve Bank of India (RBI), has allowed some items on the balance sheet, most notably, the revaluation
reserves linked to property holdings, to be included in banks' tier-1 capital.
THE Government's two-year deferment of the business rates revaluation
will cost businesses in the North of England and the Midlands PS2.