Berkshire to Reap Estimated $37 Billion Bump From U.S. Tax Cut
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Berkshire Hathaway Inc. is poised to report a huge increase in book value, the yardstick that Warren Buffett uses to measure progress at his conglomerate, thanks to the recent changes in U.S. tax law.
The measure of assets minus liabilities probably rose by 12 percent or $37 billion in the final three months of the year, analysts from Barclays Plc wrote in a note to clients on Monday. The one-time increase will result from Berkshire lowering its tax liability on appreciated investments.