Education provider Navitas expects a one-off charge of $7.5 million in its half-year accounts following the reduction in the US corporate tax rate.
The US tax overhaul will result in the reduction in the carrying value of its US tax assets in accordance with the reduced tax rate, the company said.
US president Donald Trump last week signed a massive $US1.5 trillion tax overhaul into law, including the reduction of the corporate rate from 35 per cent to 21 per cent.
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