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How Tax Reforms Affected Frontier in 4Q17

How Tax Reforms Affected Frontier in 4Q17

Telecommunications company Frontier (FTR) reported a net loss of $1.0 billion in 4Q17, but that loss included gains from recent US tax reforms. Based on the revised tax structure, US firms will now be taxed at 21% instead of the previous 35%. The reduction in the tax rate will benefit firms that have invested overseas due to higher tax rates in the US.