Reconciliation of effective tax charge Tesco plc reported a tax rate on its accounting profit of 20.1%

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Reconciliation of effective tax charge

Tesco plc reported a tax rate on its accounting profit of 20.1% and an effective tax rate of 33.2% in its 2016 Annual Report. Discuss three possible reasons for this difference.

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Financial Accounting And Reporting

ISBN: 9781292255996

19th Edition

Authors: Barry Elliott, Jamie Elliott

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Question Posted: Nov 04, 2022 01:26 AM

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Reconciliation of effective tax charge Tesco plc reported a tax rate on its accounting profit of 20.1%

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1 The 20 1 tax rate on accounting profit includes income taxes ...View the full answer

Financial Accounting And Reporting

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