The largest tax overhaul since the 1980s cuts the corporate rate to 21 percent from 35 percent.
Following is a list of European companies impacted by the changes (in alphabetical order):
** Barclays (>> Barclays) expects to take a writedown of about 1 billion pounds ($1.34 billion) on the British bank's 2017 post-tax profit.
** BMW (>> Bayerische Motoren Werke) expects tax benefits to lift the German carmaker's 2017 net profit by between 950 million and 1.55 billion euros.
** BP (>> BP) will take a one-off, non-cash $1.5 billion charge in the energy company's fourth quarter 2017 earnings, although it expects the new tax rules to positively impact its U.S. earnings in the long run.
** Credit Suisse (>> Credit Suisse Group) expects to take a writedown of 2.3 billion Swiss francs ($2.3 billion) during its fourth quarter after the U.S. tax changes.
** Daimler (>> Daimler) expects an income tax benefit of about 1.7 billion euros in the German carmaker's 2017 results.
** Iberdrola (>> Iberdrola) expects the changes to produce income of 1.2 billion euros ($1.4 billion) in 2017, the Spanish utility said.
** Qiagen
** Royal Dutch Shell
** UBS (>> UBS Group) expects a 2.8 billion Swiss franc ($2.88 billion) writedown in the fourth quarter because of the U.S. tax changes, newspaper SonntagsZeitung reported.
(Compiled by Anna Pruchnicka in Gdynia; editing by Jason Neely)