Trump’s tax reform: Man United post $40.4m loss

Trump’s tax reform: Man United post $40.4m loss

Published February 8, 2018
Manchester United blamed US President Donald Trump’s corporate tax reforms as the reason the Premier League giants posted a £29 million ($40.4 million) second quarter loss to the end of December 2017 despite a boom in broadcast income.

United said an exceptional “accounting write off of £48.8 million” had been made with the US corporate tax rate to tumble from 35 percent to 21 percent following Trump’s substantive enactment of US tax reform in December.