Ansell Limited (ASX:ANN) has indicated it anticipates the US Tax Reforms will deliver an estimated benefit to profit after tax of US$3 to $5 million by FY19.
The US Federal Corporate tax rate will fall from 35 per cent to 21 per cent, after US congress passed reforms yesterday.
Previously Ansell had provided guidance of a Group Effective Tax Rate of 26 to 27 per cent by FY20.
After factoring in tax reform implications, Ansell now expects the Group Effective Tax Rate to remain at the current 24 to 25 per cent level through to FY20.
Shares in Ansell Limited (ASX:ANN) are trading 0.92 per cent lower at $24.90