Wasn't the 8% due to the deferment of foreign income tax? And with the US tax reform they will pay it for all those years of accumulated profit (and they are no

Wasn't the 8% due to the deferment of foreign income tax? And with the US tax reform they will pay it for all those years of accumulated profit (and they are no longer able to defer it). Eg. Alphabet had a 3B loss last quarter due to taxes.