Advertisement
UK markets close in 8 hours 27 minutes
  • FTSE 100

    8,040.38
    0.00 (0.00%)
     
  • FTSE 250

    19,719.37
    0.00 (0.00%)
     
  • AIM

    754.69
    0.00 (0.00%)
     
  • GBP/EUR

    1.1657
    +0.0012 (+0.10%)
     
  • GBP/USD

    1.2499
    +0.0037 (+0.29%)
     
  • Bitcoin GBP

    51,422.16
    -2,008.62 (-3.76%)
     
  • CMC Crypto 200

    1,389.65
    +7.08 (+0.51%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CRUDE OIL

    82.98
    +0.17 (+0.21%)
     
  • GOLD FUTURES

    2,333.30
    -5.10 (-0.22%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,268.25
    +66.98 (+0.39%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • CAC 40

    8,091.86
    -13.92 (-0.17%)
     

Discover Financial: Tax Cuts and Payment Services Division

Discover Financial: Tax Cuts and Payment Services Division

In late 2017, the Tax Cuts and Jobs Act was passed, in which corporate taxes were reduced substantially. Discover Financial Services (DFS) has its operations mainly in the US, allowing the company to pay a lower tax rate, which could benefit its long-term growth. Discover expects to pay lower taxes, which would result in higher cash flows that the company could deploy in its business activities.