Source: Richard Craver, WINSTON-SALEM JOURNAL, 1/9/18


The U.S. corporate tax cut recently enacted by Congress will boost British American Tobacco PLC’s earnings by an estimated 6 percent this year, the company said Tuesday. The additional revenue, estimated to be about $541 million, is directly tied to BAT’s acquiring total ownership of Reynolds American Inc. To put that amount into perspective, it represents less than 1 percent of the $54.5 billion BAT spent in June to buy the 57.8 percent of Reynolds it did not already own.

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