Oil industry engineer Wood Group said it would book a one-off full year non-cash credit as a result of recent US tax changes. The company said the cash impact of the cut in the headline US federal rate to 21% was likely to be offset by greater restriction on the level of interest deduction allowed in the US also introduced by the legislation. "The US rate reduction is expected to have a favourable impact on Wood's effective tax rate going forward," Wood said in a statement. It added that the ...Den vollständigen Artikel lesen ...