10.8: Tax, Sales Growth, Financial Results Flashcards
1
Q
Effective tax rate
A
tax expense in the income statement divided by pretax profit
2
Q
Statutory tax rate
A
provided by the tax code of the home country
3
Q
Changes in effective tax rate on account of foreign operations can be due to:
A
Changes in the mix of profits from different countries (with varying tax rates).
Changes in the tax rates.
4
Q
A
