Significant year-end losses and write-offs are also coming, and very likely more write-offs in the ensuing quarters.
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Write-Offs do not affect Common Equity Tier 20.8915 (CET 1) ratio * Despite goodwill write-offs, commerzbank is expecting a small net profit for 2016 as a whole.
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In those places, tax write-offs for mortgage interest make sense.
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The first relates to the "moral hazard" of debt write-offs.
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But analysts and investors remain on guard for potential write-offs.
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Other billionaires may secure huge tax write-offs for charitable donations.
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"Expenses are key because it's write-offs for taxes," Fresen said.
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Loan write-offs at home reached 500 million euros in the quarter.
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In part, this has been through more write-offs of problem loans.
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CBI's asset quality metrics improved in 2015 following AED1.6bn of write offs.
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Speedy write-offs for luxuries like corporate jets could be eliminated altogether.
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Mustier said the reduction would be achieved through sales, recoveries and write-offs.
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Few tax write-offs in California could be a problem for those lawmakers.
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Only small and independent operators are now allowed to make such write-offs.
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Their legislators approved tax write-offs for corporate jets, but not child care.
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Write-offs followed, but there are worries about what remains to be uncovered.
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Republicans touted immediate write-offs as a growth driver during the tax overhaul debate.
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Britain is promoting debt write-offs for Zimbabwe in exchange for commitment to reform.
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That will be handled through write-offs, transfer outs and debt-to-equity swaps.
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Energy companies lobby for lucrative write-offs on equipment and lax restrictions on pollution.
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The tax cuts also allowed full first year tax write offs for many investments.
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Salesforce hasn&apost had any meaningful write-offs from its past acquisitions so far.
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GE did not rule out further write offs, in response to questions from Reuters.
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Use discretion and common sense when figuring out which expenses are appropriate as write-offs.
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Small businesses will need easier access to credit, and in some cases, debt write-offs.
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In the early 1980s, reduced write-offs for charitable contributions caused many charities to fret.
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He included this chart of S&P 500 company write-offs, which are down sharply.
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Another obscure-sounding provision may be even more useful: Section 179 write-offs were made permanent.
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Worse, as prices come down, write-offs become more numerous and the angels become more skittish.
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Keeper uses machine learning to automatically find tax write-offs inside the bank statements of users.
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These extenders run the gamut: Previously, they have included write-offs on racehorses and motorsports complexes.
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Despite energy sector loan write offs, JPMorgan's broad loan portfolio is not showing deterioration, Mosby said.
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In comparison, the investor reporting showed an ending collateral balance (including write-offs) of EUR200183 million.
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In comparison, the investor reporting showed an ending collateral balance (including write-offs) of EUR2110 million.
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The increase in the percentage of net write-offs was largely driven by a shrinking portfolio.
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And so you're likely to hear the same jokes and write-offs as in years past.
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Asset quality continues to improve due to loan write-offs, recoveries and for some banks restructuring.
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He came bearing nearly $60 billion in loans, loan write-offs and other forms of financing.
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Such write-offs, says Lee Buchheit of Cleary Gottlieb, a law firm, usually rely on creditors' goodwill.
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These extenders run the gamut: Previously, they have included write-offs on racehorses and motorsports complexes. Sens.
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In comparison, the investor reporting showed an ending collateral balance (net of write-offs) of EUR326.8 million.
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Bank write-offs on credit card debt had been getting better and then leveled off, he said.
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Fitch expects asset quality metrics to slightly improve in 244 on the back of further write-offs.
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That's below a regulatory threshold of 150 percent, as rising bad debt write-offs erode capital buffers.
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The government has announced loan write-offs, introduced crop insurance schemes and subsidized inputs such as fertilisers.
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It is also expected to expand savings opportunities for families and write-offs for start-up businesses.
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How those write-offs play into the tax laws will be a policy issue worth thinking through.
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"Businesses will accelerate their investments to claim bigger write-offs, and then the party ends," he said.
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If they don't do well, studios have to take write-offs and acknowledge it in earnings calls.
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The previous year's performance was affected by write-offs on bad loans to clients in the energy sector.
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But most people in trading never had a down year while assets write-offs happen all the time.
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AgBank write-offs and transfer outs amounted to 82.75 billion yuan in 2016, the bank's annual filing showed.
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Debt write-offs can be organised for individual sectors but are hard for the economy as a whole.
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There are some write-offs you may not have known about, and those could apply to your situation.
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Ballooning loan write-offs hit the major banks and those smaller banks to whom the loans were syndicated.
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Trump alleged that it's because those funding her campaign also use the same tax write-offs he does.
|
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And these write-offs have helped the industry grow, create economic opportunity, and invest in clean energy technologies.
|
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Mr. Trump's proposals go even further, allowing for immediate write-offs rather than spreading them over several years.
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Until this week, its maintained past payment delays from Venezuela had not led to any material write offs.
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And thanks to tax write-offs, business users of Plastiq can push its realized fee down to 2 percent.
|
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Absolute NPLs declined on the back of improved recoveries and higher write-offs, which more than offset incremental slippages.
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Lending activity rose following a "prolonged period" of very low write-offs on oil and gas loans, Shanahan said.
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Those losses later ballooned further: Westinghouse sought bankruptcy protection in March, after costing Toshiba $6 billion in write-offs.
|
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But commercial fleet sales should rise, partly because of tax write-offs in the 2017 U.S. federal tax overhaul.
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Those are costs of doing business in the oil and gas industry and should be normal business write-offs.
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The product that once cost Microsoft nearly $1 billion in write-offs became a bright spot in Microsoft's earnings reports.
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However, it improved to 13.6% at end-2016, as recoveries, write-offs, sales and foreclosures outpaced new non-performing loans.
|
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CBK's impaired loans ratio has continued to improve (103% at end-1H17; below peers) as a result of write-offs.
|
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But UBS' Bedford noted that China banks' write-offs and disposal of bad assets have risen three-fold since 2013.
|
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The PBOC has changed the way it calculates TSF by adding financial institutions' asset-backed securities and loan write-offs.
|
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It was partly due to some write-offs but also repayments and the return of some loans to performing status.
|
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The PBOC has revised the way it calculates TSF by adding financial institutions' asset-backed securities and loan write-offs.
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And when your life is your job, life on the road adds up to a lot of tax write offs.
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Other write-offs have been limited as well: Consider there's now a $20173,000 cap on state and local tax deductions.
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Write-offs for rebuilding, for example, could be wrapped into the GOP push for full and immediate expensing for businesses.
|
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And all of the unfavorable information (write-offs and charitable deductions or lack thereof) is contained in the other pages.
|
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But the study finds that it has engaged in at least 140 restructurings and write-offs of external debt since 2000.
|
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CIB's high impaired loans ratio also reflects the bank's only moderate loan write-offs and significant loan book contraction to date.
|
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To boost collection, Lopez Obrador said he will eliminate tax forgiveness for the country's largest companies and end tax write-offs.
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Write-offs at ICBC jumped by nearly a quarter last year to 74.14 billion yuan, helping stem the flow of NPLs.
|
|
It also said the country needs to encourage write-offs and restructuring by banks to cut down their non-performing loans.
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The restructuring process with creditors aims to put Agrokorback on a sustainable debt and equity footing, which includes certain write-offs.
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Rarely has the idea of immediate write-offs for businesses attracted the enthusiasm it deserves, but it always garners bipartisan support.
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The value of depreciation write-offs is supposed to be recaptured — and taxed — when property is later sold at a gain.
|
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The company uses only Boeing jets to reduce engineering costs, and leases part of its fleet to recoup tax write-offs.
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Chevron said the loss was driven by $10.4 billion in write-offs related to its shale gas production, primarily in Appalachia.
|
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Boeing also doubled the expected cost of the 737 Max grounding, adding an additional $123 billion in write-offs and losses.
|
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During the last five years, the portfolio yield after deducting uncollectable expenses and write-offs has been nearly 40% on average.
|
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Masterson's project offers a portfolio of investment options, from debt, to equity, to tax credits, to tax write-offs through philanthropic donations.
|
|
Non-performing loans fell to 9.8% at end-3Q16 from 10.2% at end-2Q103 due to new loan originations and write-offs.
|
|
UBS' Bedford also noted that the write-offs and disposal of bad assets in Chinese banks have risen three-fold since 2013.
|
|
Online software such as TurboTax Home & Business can also help make it easier to sort through and manage expenses and write-offs.
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He declined to comment on write-offs IOC might be taking in the next quarter for investment in the Canadian LNG project.
|
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The oil major was badly burnt last year by around $3 billion in upstream write-offs, many due to unsuccessful exploration campaigns.
|
|
Tax write-offs are generous at the start of any business project, because some ventures do not start making money for years.
|
|
Companies would get full tax write-offs on capital expenditures, such as equipment purchases or facilities improvements, within the year of expense.
|
|
No EIC, elimination of other write-offs and deductions, meant the IRS keeps 4K we already paid and we still owe $79.
|
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At the Consumer Health and Pharmaceuticals divisions, Bayer will take about 3.3 billion euros in impairments and write-offs the fourth quarter.
|
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One of the projects Toksig is leaving to focus on is The Write Offs, a new Channel 4 series she is hosting.
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Even if write-offs occur, they don&apost directly impact the company&aposs cash balance because the deal is already paid for.
|
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Capital One Financial is facing an unusual challenge — potentially steep write-offs of loans it made to taxi operators for their medallions.
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Indeed, both candidates have proposed making changes to permitted write-offs for taxpayers who itemize their deductions rather than take the standard deduction.
|
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The People's Bank of China has revised the way it calculates TSF by adding financial institutions' asset-backed securities and loan write-offs.
|
|
The share sale, amounting to roughly half the company's current market value, and tax write-offs would boost Toshiba's assets back above liabilities.
|
|
Significant reduction in number of people who use itemized deductions, as the standard deduction is doubled and many popular write-offs are limited.
|
|
Write-offs for these banks would jump by $29 billion in aggregate and this would be 18 percent of current pre-tax earnings.
|
|
Net write-offs were USD33718 million or 33714% of average managed receivables in 33712016H21750 compared with USD21000 million or 2110% a year ago.
|
|
QVC has since become more conservative in offering this program and will work to reduce write-offs to more normalized levels below 1%.
|
|
Many have taken write-offs on Venezuelan holdings in recent years and some have opted to reduce operations in the South American country.
|
|
To voters here, a range of federal tax write-offs are nearly sacrosanct, none more so than deductions for state and local taxes.
|
|
That was due to $7.3 billion in write-offs linked to its global banking and markets and commercial banking business units in Europe.
|
|
Emanuel previously noted to Business Insider that the spike in write-offs around 2009 was primarily due to distress in the financial sector.
|
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"A fund will [generally] yield higher because you won't have the same losses or write-offs" that improve net gains, said the NTLA's Westover.
|
|
The reduction in the second quarter was brought about mainly by loan sales of nearly 2.0 billion euros and write-offs of 1.6 billion.
|
|
Oil services firms must now balance the prospect of future work in the OPEC-member South American nation against the risk of write-offs.
|
|
The numbers: Adeptus expects to post a net loss for 2016 and could report upwards of $560 million in negative charges and write-offs.
|
|
Economists generally agree that the provision of the plan allowing faster write-offs for capital investments will have a large positive impact on workers.
|
|
We expect Bulbank's fairly weak loan book quality to continue to improve in 48243 due to loan write-offs and healthy new loan origination.
|
|
Without the write-offs and with the incremental bad debt the pile may have ballooned to nearly $175 billion by the end of June.
|
|
The company run by Larry Culp strongly denies it, but its history of opaque reports and belated write-offs put it on weak ground.
|
|
Write-offs related to its initial investment are part of the reason Sharp has lost more than $10 billion over the last half decade.
|
|
If you own your own business, there are many possible tax write-offs, and a professional has the expertise to help you navigate them.
|
|
Currently, many taxpayers use itemized deductions, claiming write-offs for things like charitable contributions, interest paid on a mortgage and state and local taxes.
|
|
It also said write-offs and changes to its franchising structure all contributed to the loss in the first six months of the year.
|
|
But MoMA in fact gets substantial public support through the tax write-offs its wealthy donors receive as well as its own nonprofit status.
|
|
Banks would be allowed to deal with their non-performing loans through restructuring, transfers, recovery and write-offs, as well as securitization, the sources said.
|
|
For the top 500 European and top 500 American firms by market value, cumulative goodwill write-offs over the past ten years amount to $690bn.
|
|
Shell said it was taking write-offs in the range of $7 billion, although the bulk of the markdowns were accounted for earlier in 2015.
|
|
It also sold stakes in several ventures raising 1.29 billion reais, an amount, however, not enough to compensate for the heavy provisions and write-offs.
|
|
According to a troubling report recently released by the Government Accounting Office (GAO), the department failed to account for over $2628 billion in write-offs.
|
|
The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy.
|
|
Hiring a CPA came with a cost, but she was able to apply credits and write-offs I didn't think of, ultimately saving me money.
|
|
But the Nokia acquisition was a failure, resulting in write-offs exceeding $8 billion in total, as well as the axing of thousands of jobs.
|
|
"Past experience suggests that this will involve haircuts of up to 70%," Capital Economics' Jason Tuvey wrote in a note, referring to debt write-offs.
|
|
They can take deductions for medical and dental insurance premiums and write-offs for depreciation of equipment, as well as for their retirement plan contributions.
|
|
Because these independent contractors aren't claiming the tax write-offs available to them, like phone bills, car maintenance fees and even a Spotify subscription for drivers.
|
|
The $260 billion purchase of aQuantive in 250 and $20153 billion acquisition of Nokia's handset business in 22015 both ended up as almost complete write-offs.
|
|
Though the United States has the highest statutory corporate income tax in the developed world, write-offs and loopholes have eroded the government's take for decades.
|
|
It is set to become the biggest single shareholder in the new company after the settlement, which will also include a certain level of write-offs.
|
|
The bank has been strengthening its balance sheet through write offs in addition to the sale of non-core assets (including investment securities and performing loans).
|
|
Any kind of reform that reduces those distortions — for example by reducing write-offs or simplifying the code — will be seen as a positive for growth.
|
|
Discussions over the tax exemption have indicated that one of the ways the Republican-backed plan would pay for itself is by eliminating the write-offs.
|
|
More than half India's farming households are in debt, owing banks and moneylenders hundreds of millions of rupees, despite numerous loan write-offs by successive governments.
|
|
While its listed British rivals have all reported profit declines and asset write-offs, Asda has maintained yearly profit at about 1 billion pounds ($1.46 billion).
|
|
"Incoming data point to a reduction in NPEs (non performing exposures) and this is mainly driven by loan write-offs," Stournaras told a conference in Athens.
|
|
To simplify the tax code, Republicans have proposed eliminating nearly all tax write-offs including those for state and local taxes, then doubling the standard deduction.
|
|
But some had speculated it might face another challenge in the quarter — potentially steep write-offs of loans it made to taxi operators for their medallions.
|
|
Sberbank is set to become the biggest single shareholder in the new company after the settlement which will also include a certain level of write-offs.
|
|
When properties approach $1 million, however, they languish on the market, casualties of a tax code that now limits write-offs to $10,000, said Linda Hickey.
|
|
Some 215 of the world's largest public companies responded to the group's survey questions on financial risks, identifying $970 billion in potential costs including asset write offs.
|
|
In adjusting provisions, regulators should take into account each bank's individual circumstances, capital ratios and the extent of bad loan write-offs among other things, they added.
|
|
My tax guy is named Doug, and while he is very good at educating me about write-offs, I would not say that he's otherwise especially compelling.
|
|
More than half India's farming households are in debt, official data showed, owing banks and moneylenders hundreds of millions of rupees, despite loan write-offs by governments.
|
|
And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees ($6.31 billion), the data showed.
|
|
"The reduction is mainly driven by curing of loans and write-offs and to a lesser extent by liquidations, collections and sales of loans," the report said.
|
|
Speaking of write-offs, you're going to be in charge of taking taxes out of your income, so always set aside 30 percent of whatever you make.
|
|
QVC experienced an increase in credit write-offs driven by issues with Easy-Pay, a broadly offered program designed to extend customer payment terms without credit checks.
|
|
But any earnings, which would be subject to the federal income tax, are swamped by the amount that the company is taking in write-offs for depreciation.
|
|
That was primarily due to $8.2 billion in write-offs related to Appalachia and Gulf of Mexico operations, as well as lower crude and natural gas prices.
|
|
If that's the case, it could mean receipts will rebound in coming years because companies will not have those write-offs available to them in the future.
|
|
Two significant shipping deals - with Frontline and Scorpio Tankers - that generated $201 million in cash failed to fully mitigate $315 million in impairments, losses and write-offs.
|
|
The president has reportedly generated more than $1003 million in write offs through easement deals, including a $2100 million deduction on his Bedminster, New Jersey, golf course.
|
|
Nearly half of households in surrounding suburban counties itemize their deductions — and stand to lose valuable write-offs of state and local taxes on their federal returns.
|
|
The startup uses Plaid to follow its customers' transaction history, and once per day sends a text message asking if there are any tax write-offs to note.
|
|
In October GKN warned that its profits would be £40m less than expected; the next month it revealed write-offs of up to £130m in its American division.
|
|
The banks should plan for the possibility that such write-offs could take longer than expected due to the depressed market in a worse-case scenario, it added.
|
|
It said that due to the falling oil prices it recognised impairment losses and write-offs of 161 billion roubles in 2015 and 88 billion roubles in 2014.
|
|
Wesfarmers booked a A$795 million impairment against Homebase's goodwill and brand name, plus another A$228 million in store closure costs, stock write-offs and tax writedowns.
|
|
There is no easy way out for China's banks To prepare for write-offs, banks have been raising equity; their loss-absorbing capital is about 11% of assets.
|
|
The upgrade of the VR reflects DIB's improved asset quality metrics, supported by the recovery in the real estate sector, and repayments write-offs of and successful restructuring.
|
|
Developers "were entitled to massive write-offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases," Mr. Trump said.
|
|
In addition, baked into the new code is yet another incentive for employees to, well, not be employees: Certain employee deductions are gone, while business write-offs remain.
|
|
Islamic banks' asset quality deteriorated in most GCC countries in 2016, but this did not translate into higher impaired financing ratios due to large restructuring and write-offs.
|
|
Brott noted that write-offs typically don't happen too soon and that it's actually a "positive" that it'll have little impact on Amazon's profitability in the near term.
|
|
Farmers from Tamil Nadu recently protested in New Delhi, showing the skulls of neighbors who had committed suicide to press their demand for drought relief and loan write-offs.
|
|
Though China is often depicted as an unforgiving lender, the study finds that it has engaged in at least 140 restructurings and write-offs of external debt since 2000.
|
|
Write-offs and sales have accounted for most of the reduction in NPEs, though "cures" (as borrowers return to health or simply find the cash) have ticked up too.
|
|
Before his inauguration, Trump had directed House members to include child care tax write-offs in forthcoming tax legislation, with paid maternity leave "likely .... pursued separately," according to Politico.
|
|
Bankers, however, have been reluctant to decide on haircuts or move on resolutions rapidly for fear of being charged by law enforcement agencies on write-offs taken by them.
|
|
The bank's 90-day default ratio decreased 0.3 percentage points to 3.34 percent and Caffarelli predicted it should go down further due to write-offs in the corporate segment.
|
|
During the first half of the year, SPDB had conducted 14.96 billion yuan in loan and non-loan write-offs, the bank said in its interim filing last month.
|
|
Boeing shares fell 2747 percent after hours to $28 after the company gave notice of its largest write-offs in years, to be detailed in quarterly results on Wednesday.
|
|
There was a point when even ruinous projects like an unfinished, unleased office tower could end up producing a profit for some investors, thanks to ample tax write-offs.
|
|
Combined with 220 percent immediate cash write-offs for new investment, and the one-time repatriation of foreign-held earnings, this is the largest supply-side stimulus since 23.
|
|
Reliance Communications Ltd, the telecom operator backed by Anil Ambani, extended gains for a second straight session after it announced a new debt reduction plan with no write-offs.
|
|
When MSNBC's Rachel Maddow announced that she had Donald Trump's elusive tax returns, most people expected the documents to be filled with scandalous write-offs perhaps made in rubles.
|
|
Impairments and provisions of 240 million ringgit were due to a company restructuring that trimmed the number of employees, and to asset write-offs and a reduction in receivables.
|
|
Traditionally, investors tend to pay less attention to goodwill write-offs because they don't hurt the company's cash flow from operations (the acquisition is already paid off, after all).
|
|
President Trump lashed out over the leak of part of his 2005 tax return, which showed that he paid $38 million in federal income taxes after huge write-offs.
|
|
As well as big write-offs, the banks are swapping questionable debt into equity, saving the amount of money they would have to set aside should such debt turn bad.
|
|
The top five trading houses clocked up a total of about 1 trillion yen ($863 billion) in write-offs in the financial year through March 2016, with Mitsubishi Corp (8058.
|
|
Bottom line: Toshiba is selling its chip biz, in large part, to help cover write-offs from its Westinghouse nuclear unit, which filed for Chapter 11 bankruptcy earlier this week.
|
|
Because stock values and executive compensation turn on those public reports, Warren reasons, corporations don't obscure their real profits to shareholders with the write-offs they use for the IRS.
|
|
Their average credit losses (defined as the increase in loans 0003 days' overdue, plus write-offs, divided by average performing loans) fell to 11% in 9M16 from 19% in 2015.
|
|
An increase in the provision for credit losses and write-offs in its financial products segment also cut into fourth-quarter earnings for the world's largest heavy-duty equipment maker.
|
|
Reuters calculations also put a final cost on RBS's lending losses in terms of write-offs, plus the writedowns on assets, as well as restructuring costs, legal bills and fines.
|
|
People from high-tax states: If write-offs for state and local taxes are repealed, as Trump has proposed, it'll cost some taxpayers in states like California and New York.
|
|
Its impaired financing ratio dropped to 7503% at end-2016 from 10.4% at end-2012 owing to write-offs, recoveries, some classifications back to performing and also financing book growth.
|
|
This almost certainly means that he had no losses left to write off, because had more write-offs been available, Trump could have used them to lower his tax bill.
|
|
As well as huge write-offs, the banks are swapping questionable debt into equity, saving the amount of money they would have to set aside should such debt turns bad.
|
|
Mr. Trump also lashed out over the leak of part of his 21920 tax return, which that showed he paid $21945 million in federal income tax after huge write-offs.
|
|
Barclays already slumped to a 628 million pound attributable loss in the nine months to the end of September following write-offs in the wake of its exit from Africa.
|
|
The House did not include provisions allowing faster write-offs for restaurant and retail business investments or bigger deductions for business interest, both of which are in the Senate bill.
|
|
Kutxabank's NPL ratio, while still high by international standards, improved to 6.8% at end-2016 (from 0003% at end-2015) due to higher recoveries and write-offs offsetting lower NPL entries.
|
|
Other measures taken by the company to mitigate the downturn include being more selective in its credit policy and gaming limits to offset lower revenues with fewer bad debt write-offs.
|
|
Municipal officials say multinational companies with operations in Venezuela, which routinely take write-offs on earnings statements due to depreciation of their bolivar holdings, are key investors in premium office space.
|
|
That means you don't have to itemize to take the following write-offs: "Keep records of those childcare costs," said Andy Phillips, director of The Tax Institute at H&R Block.
|
|
While ruling out debt haircuts or write-offs, he said the euro zone is willing to extend maturities, grace periods and lower interest rates to cut Greece's annual debt servicing burden.
|
|
The tax overhaul has been heralded as a "Republican War on College," and features some major cuts to write-offs and benefits that make higher education attainable to thousands of Americans.
|
|
And what we got out of this past earnings call was that the black box balance sheet is hopefully behind us because there are no more write-offs in GE Capital.
|
|
Real tax complexities arise in determining taxable income, and even that's not terribly hard for millions and millions of individuals and households with predictable sources of income, and few write offs.
|
|
She would also require drug companies that receive taxpayers' support to invest in research and would eliminate corporate write-offs for direct-to-consumer advertising, instead investing the proceeds in research.
|
|
MEXICO CITY, July 30 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Tuesday that he will present a proposal to Congress to change the constitution to eliminate tax write-offs.
|
|
NPLs remained largely unchanged, at a high 22% of gross loans at end-9M16, while restructured loans decreased slightly, to 17% from 23%, due to property foreclosures and loan write offs.
|
|
The technology just isn't there yet — the current generation of commercial solar panels don't work well enough for people to install them unless they get fat subsidies and tax write-offs.
|
|
Players dismissed as a write-offs or seen as castoffs do not win Premier League championships, nor do managers in the autumn of their careers, after a lifetime of second best.
|
|
The politically difficult corporate rate reduction as well as obscure changes in plant and equipment write-offs and in the taxation of foreign corporate income — these law changes were made permanent.
|
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These filers would calculate their income tax liability twice: once under the ordinary rules and again with the AMT, which would bar you from claiming certain write-offs and itemized deductions.
|
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Israeli politicians who in the past approved big tax write-offs to boost the national success story are speaking of a need to look into the firm's business and perhaps even intervene.
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By holding the auction for HQ2 publicly, the company was likely able to pressure cities into competing to give Amazon better write-offs, subsidies, or tax breaks to an even greater degree.
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Mr. Trump described consulting with Mr. Mitnick on the tax implications of deals he was contemplating and seeking his advice on how new federal tax regulations might affect real estate write-offs.
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And Democrats say there may be room for them to exploit the issue in educated suburban areas, where more voters rely on write-offs for local taxes, mortgage interest and tuition benefits.
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Like many of its rivals, BP was also badly burnt by some $3 billion in upstream write-offs, many due to unsuccessful exploration including in Libya, Angola and the Gulf of Mexico.
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Chinese banks are under pressure to accelerate write-offs and disposals of more sour loans as the government looks to contain risks in the financial system after years of debt-fuelled stimulus.
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British mid-cap Tullow Oil was the top European faller after the Africa-focused oil exploration company said it was in the red for a third year due to exploration write-offs.
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The bank said impairments jumped 51% in the final quarter of 2019, to 314 million euros, mainly due to write-offs by its corporate division on loans in the offshore energy sector.
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But to ensure it remains listed, Toshiba also secured the $5.3 billion cash injection from overseas funds this month, which with tax write-offs gives it sufficient funds to cover its liabilities.
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The big idea there was a constitution of a euro area parliament to oversee monetary and fiscal management, and to promptly implement public debt write-offs in excess of 60 percent of GDP.
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NCB Capital said in a note that in addition to a 3.2 percent decline in total sales, the slump in Alhokair's net profit might be due to write-offs and foreign exchange losses.
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Fitch estimates the bank's retail NPL origination (a proxy for credit losses, calculated as net increase in NPLs plus write-offs divided by average performing loans) was a low 2.6% in 2015-1Q16.
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For example, he said, a single taxpayer with other write-offs — mortgage interest, charitable contributions and SALT — could find that the medical expense deduction more easily pushes them over that $12,000 standard deduction.
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SAO PAULO, May 11 (Reuters) - State-controlled Banco do Brasil SA missed first-quarter profit estimates on Thursday, reflecting soaring bad loan write-offs and a surprising decline in interest and fee income.
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The restructuring process with creditors aims to put Agrokor back on a sustainable debt and equity footing, which is likely to include creditors taking over parts of the business and some write-offs.
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Also, the Tax Policy Center says that a start-up that has yet to book profits doesn't get as much tax benefit from its losses and other write-offs as an established firm.
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KIB's VR reflects the bank's new and experienced management team, the successful execution of strategy, expected increase in earnings, improving asset quality following write-offs and portfolio clean-up and healthy capital buffers.
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Amec said asset write-offs and impairment charges accounted for 371 million pounds ($481.8 million) out of 440 million pounds in total non-cash impairment charges for the first half of the year.
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Due to the Tax Cuts and Jobs Act, which nearly doubled the standard deduction and eliminated most other write-offs, itemizers will comprise just 12 percent of 2018 returns, according to the Tax Foundation.
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Loan write-offs by commercial lenders, one indication of how deeply banks are cleaning house, jumped 50 per cent to about 1.4 trillion yuan in 2016, according to estimates by UBS analyst Jason Bedford.
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The bank's profitability has shown some improvement from a bottom in 2016, when it was hit by higher credit costs associated with loan write-offs and additional general provisioning required for mortgages in Taiwan.
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Under a settlement deal which includes a debt-for-equity swap and some loan write-offs, reached last summer, Agrokor's biggest single creditor, Russia's Sberbank became the largest shareholder with a 39.2 percent stake.
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These documents could shed light on how Trump makes his money, what write-offs he claims, and how much he donates to charity, all of which were things his opponents and the press questioned.
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Net profit this year will be hit by a decline in operating results as well as higher write-offs related to the launch of the firm's new Ledvice plant and the refurbished Prunerov plant.
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The supply-side incentive effect also includes the repatriation of trillions of U.S. company dollars lodged overseas to avoid taxes, as well as 100 percent expensing write-offs for new investment of any kind.
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In order to ensure its listing status, however, Toshiba also secured a $5.4 billion cash injection from overseas funds this month, which with tax write-offs gives it sufficient funds to maintain its listing status.
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Several states have considered allowing municipalities to form nonprofit organizations that property owners would make payments to in lieu of property taxes, and then claim the "donations" as charitable write-offs on their federal taxes.
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BG, which is based in Reading, England, also released preliminary figures on Wednesday, saying that its earnings for last year, excluding write-offs, would be about $1.7 billion, compared with about $4 billion in 1.93.
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Halliburton said last month it cut more than 6,000 jobs in the first quarter as revenue slumped 40.4 percent and it took a $2.1 billion restructuring charge mainly for severance costs and asset write-offs.
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Earlier this week Agrokor said its creditors had reached agreement on a settlement deal which includes a debt-for-equity swap, a certain level of write-offs and sustainable debt for the new Agrokor holding.
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Its creditors, which include local and foreign banks, bondholders and suppliers, last month voted to approve a debt settlement deal which includes a debt-for-equity swap and some loan write-offs to avert bankruptcy.
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The bank's impaired loans ratio has moderately improved (3371330% at end-33716970Q33717, down from 3371495% at end-3371956) due to loan write-offs, but it is still the highest among peers, mainly reflecting legacy problems.
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ZAGREB, July 4 (Reuters) - The creditors of Croatia's indebted food producer and retailer Agrokor passed on Wednesday a debt settlement deal that includes debt-to-equity swap and some loan write-offs to avert bankruptcy.
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A Goldman Sachs representative told Gizmodo via email that in evaluating creditworthiness, the bank considers an applicant's TransUnion FICO score, as well as write-offs, bankruptcies, and past due payments on other credit card accounts.
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In the California case, Mr. Righter "admitted using fake paintings as collateral for loans on which he later defaulted, and using fraudulent pieces for fraudulent write-offs on his income tax returns," the statement said.
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The paper's editorial board called out five companies, including Fifth Third Bank and Wells Fargo, that have donated to the program to get write-offs on their state tax bills in an editorial published Tuesday.
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Its American nuclear subsidiary, Westinghouse Electric, sought bankruptcy protection in March after delays and cost overruns at two nuclear-plant projects in the United States cost Toshiba $6 billion in write-offs, rendering it insolvent.
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BoC, in an emailed statement, said the fall in coverage ratio was due mainly to an increase in bad debt write-offs, and maintained that its provisions ratio remained higher than other global systemically important banks.
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Agricultural Bank of China said its provision was at 172.7 per cent, while Bank of China, the bank that led the biggest debt write-offs at 64 billion yuan this year, was at 155.8 per cent.
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AFC's ROA declined to 20153% in FY15 from 1.6% in FY14 largely due to significant write-offs of its NPLs in FY222 (24000% of total impairment charges), which offset the capital gain from the Arpico sale.
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Write-offs for just the first half of 2016 amounted to 220.8 billion yuan ($32.03 billion) for the top 23 banks listed in Hong Kong and Shanghai for which statistics are available, according to Reuters calculations.
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Chevron on Friday posted a $1.363 billion loss in the fourth quarter due to $10.4 billion worth of write-offs related to shale gas production in Appalachia and deep-water projects in the Gulf of Mexico.
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Alfa's asset quality improved in 2016, with the ratio of non-performing loans (NPLs; more than 90 days overdue) decreasing to 4.2% from 6.9% at end-2015 as a result of recoveries, collateral foreclosures and write-offs.
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Chinese banks, among the world's biggest by market value, also face rising volumes of sour debt, forcing a quicker pace of write-offs - even as a series of rate cuts has chipped away at their interest income.
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The introduction of a regulatory systemic risk buffer from 2017, which is linked to the volume of distressed CRE exposures, will also motivate banks to accelerate sale-down/write-offs of these exposures over the coming months.
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As lenders seek to shrink NPEs mainly through a curing of loans and write-offs and to a lesser extent by liquidations, collections and loan sales, the Bank of Greece is working to designate bad loan servicers.
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Washington politicians were among those Americans who watched in shock as the second presidential debate turned from a town hall to a circus, as the candidates sparred over lewd comments, deleted emails, tax write-offs and more.
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VIENNA, Jan 27 (Reuters) - Austrian fibre producer Lenzing said on Monday its full-year profit fell 23%, blaming write-offs due to the halt of its U.S. expansion and low prices for its textiles due to oversupply.
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In addition to the new share issue, Toshiba is aiming to plug its 750 billion yen ($6.7 billion) equity shortfall with tax write-offs it plans to gain from the expected sale of claims it has against Westinghouse.
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ZAGREB, Oct 26 (Reuters) - Croatia's High Commercial Court on Friday approved a settlement deal for the indebted Croatian food producer and retailer Agrokor that includes a debt-to-equity swap and some loan write-offs, the company said.
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David Dai, general manager of Shanghai Wisdom Investment Co Ltd, said he no longer dares buy small caps amid increasing signs of "bloodbath accounting", where companies unexpectedly conduct massive write-offs during bad years to wash the books.
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MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Tuesday that he will propose a constitutional change to Congress to eliminate tax write-offs, as he attempts to strengthen the country's finances without imposing new taxes.
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The company has long insisted that it has been adequately accounting for the value of its oil and gas reserves — even as many other petroleum companies have taken big write-offs to reflect a two-year price slump.
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A recent analysis of Mr. Trump's proposals by the nonpartisan Urban-Brookings Tax Policy Center generously assumed that policy makers would end popular write-offs, including the deduction for state taxes, to offset the cost of the cuts.
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Without getting billions in tax write-offs or a signature helipad for CEO Jeff Bezos, Amazon announced it had signed a new lease for 335,0003 square feet of real estate in the developing Hudson Yards neighborhood of Manhattan.
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The deduction for medical expenses is one of the few tax breaks currently available to individuals, due to tax-law changes in effect from 27.5 through 22019 that doubled the standard deduction and eliminated most other write-offs.
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Companies such as Sumitomo Metal Mining and JX Nippon Mining & Metals, a unit of JX Holdings, are seeking a steady revenue stream in the face of narrow smelting margins and recent heavy write-offs on base metals mines.
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The Trump administration, meanwhile, had hoped for a more aggressive cleanup of snafus in the 2017 tax overhaul, including a so-called retail glitch that denies retailers and restaurant owners generous new write-offs for things like remodeling.
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Earlier on Sunday, a parliamentary committee said the government should cut the interest rate it charges on loans to English students, and statisticians should review why the cost of hefty write-offs barely figures in official borrowing data.
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CEO Leonidas Fragiadakis said that a combination of write-offs, collection efforts and success in fixing some bad loans - through restructuring, lowering instalments and pushing out maturities - helped to reduce non-performing exposures by 2 billion euros since January.
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LONDON, March 20 (Reuters) - PerfectHome, a British rent-to-own company, has agreed a 2.1 million pound ($2.95 million) redress package that includes cash payments and write-offs for 37,000 customers, the Financial Conduct Authority (FCA) said on Tuesday.
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SAO PAULO, Nov 13 (Reuters) - Brazilian power utility Eletrobras made a third-quarter net loss of 1.61 billion reais ($13 million), hit by large provisions and some write-offs to assets that were sold, the company said on Tuesday.
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They are wary of any sign of a similar outcome to a situation involving another construction giant, Saudi Oger, which required banks to make painful write-offs on their loans after a government effort to save the firm failed.
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" He also defended the losses, saying that real estate developers in the 1980s and 1990s were entitled to "massive write offs and depreciation which would, if one was actively building, show losses and tax losses in almost all cases.
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The precursor to the AMT was created in 1969 in response to outrage over a small minority of wealthy taxpayers earning over $200,000 a year who paid nothing in federal income taxes by maximizing preferences and special write-offs.
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The statement on Thursday said Republican leaders were prioritizing permanent changes that would reduce tax rates for all American businesses, encourage companies to bring back cash parked abroad and allow "unprecedented" capital expensing, or write-offs of big investments.
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An email thread was bouncing between lawyers and law clerks camped out in several terminals, representing, based on the price tags usually attached to the firms in the signature lines, many thousands of dollars in pro bono write-offs.
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More than 14.6 million individual income tax returns claimed itemized deductions, such as charitable giving write-offs and property taxes paid, during the 2018 tax year, according to IRS data through July 25, 0003 – the most recent figures available.
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ArcelorMittal said its loss — including a $23.5 billion retreat in the fourth quarter last year — was mainly down to falling steel prices that were depressed by a surge of Chinese exports, and to write-offs in the company's large mining business.
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Among specialised retail banks, Orient Express deleveraged by 4% (probably due to write-offs and/or loan sales) and Russian Standard and Home Credit only modestly contracted (by less than 1%), while Tinkoff, OTP and Rencredit grew by 1%-2%.
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The retail NPL origination ratio (calculated as the increase in NPLs plus write-offs divided by average performing loans; a good proxy for credit losses) was 10% in 2015 (7% in 2014), while the breakeven level is estimated at about 13%.
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This means that contributions to it are not tax-deductible, although the NRA operates a sister organization, Friends of NRA, which operates as a 501(c)(3) and where the wealthy can get full tax write-offs for their support.
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Halliburton said it cut more than 6,000 jobs in the first quarter, during which revenue slumped 40.4 percent and it took a $2.1 billion restructuring charge mainly for severance costs and asset write-offs amid the prolonged slump in oil prices.
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AgBank's first-half bad debt write-offs of 38.3 billion yuan were only around 3 billion yuan less than in all of last year, and the bank's president Zhao Huan said it plans to increase disposals in the second-half.
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It said its 13 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell 11.7 percent to 922 million euros ($1.1 billion), largely due to non-recurring write-offs and a stake sale in its electric vehicle charging company Smatrics.
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Trump aims to slash business tax rates to 15 percent for large and small firms, allow for immediate write-offs for new investment and enact a sensible repatriation plan to bring a couple trillion dollars in cash back to America.
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According to PB's unconsolidated regulatory disclosures NPLs were around 9% of gross loans at end-2015 while restructured loans added a further 6%; however, the former ratio was supported by significant write-offs in 2015, equal to 5303% of average loans.
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Today's newer, next generation 2737s, classed as 7377-218/7377/1693/2169, have only suffered 7377 complete write-offs, out of more than 2196,600 built, according to British 737 pilot Chris Brady, who has compiled a list of 737 incidents.
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Fitch expects the reported asset quality ratio to improve over 2017, driven by a contained inflow of new impaired loans, modest growth of new lending and moderate clean-up of the impaired loan stock through work-outs and write-offs.
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BCC's NPLs reduced to 2000% of gross loans at end-3Q16 from 17% at end-2015 due to loan write-offs as well as transfers to an SPV (4% of gross loans at end-3Q220013) and restructured loans remained 12%.
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On the final day of the trial, the lead prosecutor, Greg D. Andres, cast Mr. Manafort as a bright and highly capable political consultant, steeped in tax law and financial matters and fluent in terms like "write-offs" and "distribution" income.
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African debt backlash Debt write-offs for developing nations are usually greeted with great fanfare, such as the IMF and World Bank's Heavily Indebted Poor Countries (HIPC) Initiative, or the Paris Club's landmark debt wipe-out in the early 2000s.
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But even before lawmakers get into the weeds of corporate write-offs, they should agree to close a single huge loophole: the ability of corporations to defer tax on profits earned abroad or placed in overseas entities through accounting maneuvers.
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Non-GAAP measures like contribution margin don&apost adhere to standard accounting rules for U.S. companies, but started with a legitimate aim: to show how companies would have performed without unusual items like acquisitions or big write-offs distorting their earnings.
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Over his eight years in office, Schaeuble became famous in Europe and the world for his focus on budgetary discipline at home and in the euro zone, resisting calls for cost-free write-offs in the heavily indebted euro zone periphery.
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BHP - the world's largest mining company - said on Tuesday that it made a net profit of $3.2 billion in the six months to the end of December, compared to a loss after write-offs in the same period of the previous year.
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At least 210 companies on the S&P 22016 — about 2148 percent of the total — informed investors through regulatory filings this year about write-offs or exposure stemming from the nation's tight grip on imports and exchange rates, according to a CNBC analysis.
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HCFB's annualised credit losses (calculated as an increase in loans 90 days overdue (non-performing loans) plus write-offs, divided by the average performing loans) improved markedly to moderate 13%-11533% in 1Q16-2H15 from a very high 23-24% in 1H15-2014.
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BEIJING (Reuters) - Germany's Boehringer Ingelheim, the global No. 2 in animal health, is having to rebuild itself in China after a deadly pig disease decimated sales of unrelated mainstay vaccines, bringing write-offs and leaving it facing a three-year slog to recovery.
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BEIJING (Reuters) - Germany's Boehringer Ingelheim, the global No. 2 in animal health, is having to rebuild itself in China after a deadly pig disease decimated sales of unrelated mainstay vaccines, bringing write-offs and leaving it facing a three-year slog to recovery.
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That applies to tax extenders large and small, such as a boatload of renewable energy tax credits ($1.9 billion over 10 years), expedited write-offs for race horses ($2 million) and race cars ($85033 million) and electric vehicle tax credits ($5 million).
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Tullow said the write-offs included Jethro, Joe and Carapa well costs in Guyana as a result of drilling results and Kenya Block 252.80A, Mauritania C3, PEL37 Namibia and Jamaica licence costs due to the levels of planned future activity or licence exits.
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More big companies are using non-GAAP measures, and the SEC is taking a tougher stance Non-GAAP measures started with a legitimate aim - to show how companies would have performed without unusual items like acquisitions or big write-offs distorting their earnings.
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At private dinner parties and on the suddenly overflowing conference circuit, billionaires like Tom Steyer and the people who advise the rich are swapping notes, beating back viral rumors and trying to understand whether these tax write-offs are indeed too good to be true.
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Investors are nervous about GE because the Boston-based conglomerate is expected to lose as much as $250.4 billion in cash this year, has slashed its dividend and profit forecast and taken more than $40 billion in charges and write-offs in recent years.
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Record write-offs for bad loans and shrinking margins - caused by six consecutive interest rate cuts - led to flat profits and beaten down valuations last year for the likes of Industrial and Commercial Bank of China Ltd (ICBC) and China Construction Bank Corp (CCB) .
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Beyond slashing the corporate tax rate to "no higher than 20%," Trump's proposal also offers write-offs for companies that move their manufacturing plants to the US and would incentivize the repatriation of "trillions" of dollars in US companies' profits stashed in tax havens overseas.
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As Jacob began calculating his expenses, he realized that at least half of his write-offs — like our shared utilities, office supplies, and work-related meals — were tied up in Venmo transactions that had poofed away into the nothingness once they had been resolved.
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The company added that it expects additional well write-offs in the range of $100 million to $200 million in the period, while 2019 capital expenditure is expected to be at the lower end of its guidance range of $24 billion to $29 billion.
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On Monday it said that after analysing "possible effects of the changed global economic conditions on the main business segments of Voestalpine", it had booked non-recurring impairment write-offs and risk provisions of 360 million euros, of which 80 million euros will affect EBITDA.
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Complicating matters for Republicans, some of their House seats that are most in jeopardy are in high-income and high-tax states where many voters will feel little benefit from a bill that limits mortgage interest deductions and state and local tax write-offs.
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But the costly plan for allowing greater tax write-offs for child care expenses is badly designed and misdirected – it would benefit the affluent while ignoring the realities of low- and middle-income families who need help the most – while the paid leave proposal is inadequate.
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Risks in the bank's retail segment are reasonably controlled as reflected in a 5% NPL origination rate in 1H17 (defined as the increase in retail loans overdue above 90 days, plus write-offs, divided by average performing retail loans), down from a high 10% in 2015.
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Positively, the NPL origination ratio (calculated as the net increase in NPLs plus write-offs during the period, annualised) decreased to 2% in 1H33719901 from 33717% in 3371495, indicating improvement in asset quality following the strengthening of underwriting in 3371956H33719901 and the stabilisation of the Russian economy.
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The bank's asset quality has continued to improve since the moderate deterioration it suffered during the crisis thanks to the favourable operating environment in the UK, completions and repayments of property loans extended before January 2009 and write-offs in the property and asset finance books.
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Individuals who take itemized deductions, including tax breaks for charitable giving, spell out their write-offs on Schedule A. Gifts by cash or check are straightforward, but gifts of appreciated stock, real estate and other property require taxpayers to fill out Form 88938, which details noncash contributions.
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KERNEN: DIDN'T TAX REFORM OPEN UP A WHOLE NEW MIX OF COMPANIES THAT MIGHT NOT FULLY RECOGNIZE THE POSSIBILITIES NOW THAT – SCHWARZMAN: TAX REFORM WHERE IT HAS THE ABILITY TO HAVE 100% WRITE-OFFS OF CAPITAL EQUIPMENT, MAKE THOSE TYPES OF COMPANIES MUCH, MUCH MORE ATTRACTIVE.
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"The lumpy write-offs have been made last year, but there is still stress in the sector due to weak charter rates and lower drilling activities ... banks may need to pad up provisions as they face lower collateral values in these offshore marine vessels," said Teong.
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But the Japanese conglomerate no longer faces the pressure it once did to complete a sale, after raising 600 billion yen ($5.4 billion) with a new share issue to overseas funds late last year, which with tax write-offs gives it sufficient funds to cover its liabilities.
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Among the specialised retail banks Tinkoff Bank, Home Credit & Finance Bank and Rencredit grew by 1%-3%, Russian Standard was stable, while Joint Stock Company OTP Bank deleveraged by 6% (probably due to loan write-offs and/or bad debt sale as the decrease was mainly in overdue exposures).
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Separately, in a note Thursday, Daiwa said the sector's NPL ratio in the second quarter remained flat at 2620 percent, while large banks saw their NPL ratio fall 2179 basis points on-quarter to 1.69 percent, which it attributed to large NPL write-offs and disposals during the quarter.
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The arrest of the rise in non-performing loan ratios may be a sign that the measures China's banks have adopted to fight soured debt - from increasing their volume of write-offs to using Beijing-led debt-for-equity swaps for large struggling state-owned-enterprises - are working.
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People who take certain deductions: The plan could reduce the benefits of taking deductions for charitable giving and mortgage interest, per the WSJ, while certain write-offs for medical costs or disaster damage (along with those for "investment interest, gambling losses and unreimbursed businesses expenses") will likely be repealed.
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New CEO Nicole Taylor now runs a $21 billion philanthropy that houses donor-advised funds — pools of cash that are earmarked for philanthropic projects and that come with incredible tax write-offs — they've become en vogue with members of the tech elite, including Mark Zuckerberg, Jack Dorsey, and Sergey Brin.
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Based on regulatory accounts NPLs remained at 0.6% at end-8M17, The NPL origination ratio (defined as the net increase in NPLs for the period plus write-offs divided by average performing loans) was a low 1.9% in 0003, and loan impairment charges were equal to 2.3% of average loans.
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Consumer Health brands acquired with the Merck & Co. and Dihon businesses will account for 2.7 billion euros of that, while about 2030 million euros impairments and write-offs are due to a decision not to utilize a hemophilia drug factory in the German city of Wuppertal and to concentrate production in Berkeley, United States.
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Goodwill write-offs, in fact, are growing among publicly traded companies in the U.S. In 2018, total goodwill impairment of U.S. publicly traded companies reached $78.9 billion, more than twice the previous year&aposs figure and the highest level since the 2008 financial crisis, according to last month&aposs report by valuation firm Duff & Phelps.
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Given that Arcelik has historically seen few losses (less than 1% write offs) on its trade receivables (customer risk is transferred to the retailer), Fitch adjusts Arcelik's debt by netting off the debt portion of trade receivables, and deems 120 days of domestic receivables as customer financing, and considers the remaining portion as WC need for industrial operations.
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The retail NPL origination rate (defined as the increase in NPLs over the year plus write-offs, divided by the average performing loans) in 2016 was only 3%, down from 5% in 2015, which is notably below the bank's breakeven loss rate (defined as the pre-impairment profit, divided by average performing retail loans) of 0003%.
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The decisions by the three companies — which had donated to the voucher program in exchange for write-offs on their state tax bills — come within a week of the Orlando Sentinel investigation that found that 156 private Christian schools with anti-gay views educated more than 20,000 students across the state with tuition paid for by Florida tax dollars.
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Performance of retail loans (12% of total loans, mainly unsecured personal loans and credit cards) also improved, reflected in NPL origination (calculated as the increase in NPLs plus write-offs to average performing loans; a good proxy for credit losses) decreasing to 7% in 2016 from 7503% in 2015, comfortably below the Fitch-calculated break-even level of about 14%.
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Much of the pressure to complete the chip deal by the end of the financial year in March has now been removed after Toshiba raised $5.4 billion in a new share issue this month, which with tax write-offs, will help it plug billions of dollars in liabilities arising from its now bankrupt U.S. nuclear unit Westinghouse and allow it to avoid a delisting.
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Here are the tax-bill provisions that could change the tax benefits of owning a home, along with some strategies for this year to maximize deductions before the tax code changes: Due to a last-minute change in the Senate bill, both it and the House version would allow property tax deductions up to $10,000, while eliminating other write-offs for state and local taxes.
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These costs include non-capitalized personnel and related expenses for our development, design, product, research, real estate, talent acquisition, mergers and acquisitions, legal, and technology research and development teams and related professional fees and other expenses incurred such as recruiting fees, employee relocation costs, due diligence, integration costs, transaction costs, contingent consideration fair value adjustments relating to acquisitions, and other asset impairments and write-offs.
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Congressional leaders and President-elect Donald TrumpDonald John TrumpPossible GOP challenger says Trump doesn't doesn't deserve reelection, but would vote for him over Democrat O'Rourke: Trump driving global, U.S. economy into recession Manchin: Trump has 'golden opportunity' on gun reforms MORE have promised tax cuts, and those cuts could spur wealthy individuals and corporations to take advantage of write-offs now, when they are more valuable, than in the future.
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But that the corporate tax rates that are going to be cut will be cut, all right, but it might be spread out over as much as five years, then news that the upper income might not be only getting their own bracket, but it could be a higher bracket, and with their write-offs likely going as well, they could be ending up paying a lot more taxes than they do already.
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Sen. Ted CruzRafael (Ted) Edward Cruz3 real problems Republicans need to address to win in 2020 The Hill's Morning Report - Trump on defense over economic jitters Democrats keen to take on Cornyn despite formidable challenges MORE (R-Texas) on Wednesday laid out his priorities for tax reform, including full and immediate write-offs of businesses' capital investments, a longer budget window for the reconciliation process and the repeal the Dodd-Frank financial reform law.
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Ted CruzRafael (Ted) Edward Cruz3 real problems Republicans need to address to win in 2020 The Hill's Morning Report - Trump on defense over economic jitters Democrats keen to take on Cornyn despite formidable challenges MORE (R-Texas) on Wednesday laid out his priorities for tax reform, including full and immediate write-offs of businesses' capital investments, a longer budget window for the reconciliation process and the repeal of the Dodd-Frank financial reform law.
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The move comes as China's large state lenders step up efforts to speed up write-offs and boost bad loan buffers as non-performing loans (NPLs) in the commercial banking industry hit 0.553-year highs In recent weeks, China's financial regulators have come up with a series of rules to broaden banks' capital tools and relax loan provisioning requirements in a bid to allow lenders greater space to expedite the disposal of NPLs and move off-the-balance sheet business onto their loan books.
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