LSE sees no material impact from US tax changes

London Stock Exchange said on Wednesday that changes to the US tax system are not expected to have a material impact on the group.

While reforms will see corporate tax cut to 21% from 35% on US earnings, they will also eliminate or reduce some tax deductions currently available to the company.

"In summary, there is expected to be no material impact on LSEG, in part due to the manner in which US acquisitions are financed and also due to the introduction of a new base erosion anti-abuse tax which will apply to payments for services provided to our US operations by the wider group," it said.

LSE will undertake further evaluation of the changes as part of the preparation for its 2017 results and any additional update will be provided with the preliminary results in March.

At 1550 GMT, the shares were down 0.2% to 3,710p.