CVS says new tax law expected to increase cash flow by $1.2B

CVS HEALTH CORP. expects the new 2018 tax rules to increase its cash flow by $1.2 billion. / BLOOMBERG FILE PHOTO/CHRISTOPHER LEE
CVS HEALTH CORP. expects the new 2018 tax rules to increase its cash flow by $1.2 billion. / BLOOMBERG FILE PHOTO/CHRISTOPHER LEE
WOONSOCKET - CVS Health Corp. issued its initial outlook for 2018 Thursday, saying it expects the new tax bill to increase its cash flow by $1.2 billion. The company indicated that its effective tax rate will be 27 percent in 2018. In 2017, the company's effective tax rate was approximately 39 pecent, according to a…

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