December 29, 2017 / 11:24 AM / a year ago

Goldman says tax legislation to decrease 4th-qtr earnings by $5 bln

Dec 29 (Reuters) - Goldman Sachs Group Inc on Friday said the tax legislation will result in a decrease of about $5 billion in its fourth-quarter earnings.

Around two-thirds of the $5 billion decrease in earnings is due to repatriation tax, Goldman said in a statement with the U.S. Securities and Exchange Commission. (bit.ly/2C8j4br) (Reporting By Aparajita Saxena in Bengaluru; Editing by Shounak Dasgupta)

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