December 21, 2017 / 7:36 AM / 5 months ago

BRIEF-Intercontinental Hotels Updates on Impact of US Tax Cuts, Jobs Act Bill​

Dec 21 (Reuters) - Intercontinental Hotels Group Plc :

* INITIAL ESTIMATES ARE ENACTED BILL WILL REDUCE IHG’S GROUP EFFECTIVE TAX RATE BY MID TO HIGH SINGLE DIGIT PERCENTAGE POINTS FROM 1 JANUARY 2018‍

* GROUP EFFECTIVE TAX RATE IS STILL EXPECTED TO BE IN LOW 30S IN 2017 ​

* ‍EXPECTED MEASURES OUTLINED IN BILL WILL RESULT IN SIGNIFICANT, EXCEPTIONAL TAX CREDIT IN FINANCIAL YEAR BILL IS SIGNED INTO LAW

* EXCEPTIONAL TAX CREDIT IN FINANCIAL YEAR BILL IS SIGNED INTO LAW, WHICH WOULD BE REALISED IN CASH TERMS OVER A LONG PERIOD FROM 2018​ Source text for Eikon: Further company coverage:

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