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J&J takes $13.6 billion charge related to new U.S. tax law

Posted on 23. Jan, 2018 by in Asia

J&J takes $13.6 billion charge related to new U.S. tax law

Healthcare conglomerate Johnson & Johnson on Tuesday took a $13.6-billion charge related to the new U.S. tax law and plans to bring back billions of dollars from overseas immediately. The company, based in New Brunswick, New Jersey, plans to move $12 billion of that cash immediately, J&J CFO Dominic Caruso said during a conference call with analysts, and will be used to fund U.S. operations, primarily by paying down debt.


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