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Berkshire may get $37 billion book value boost from U.S. tax cuts - Barclays


By Jonathan Stempel(Reuters) - Berkshire Hathaway Inc , the conglomerate run by Warren Buffett, may see its book value grow by $37 billion because of U.S. tax law changes enacted by President Donald Trump, Barclays Capital analysts estimated on Monday.Book value, a key performance measure for Buffett reflecting assets minus liabilities, probably rose by 12 percent in the final quarter of 2017 because Berkshire can lower its tax bill on investments that have risen in value, Barclays analysts led by Jay Gelb wrote.That would leave Berkshire valued at about 1.39 times book value, which Gelb ...

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First Published: Tue, January 09 2018. 00:35 IST