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Assume the US enacted tax rate is 30%, and a non-US subsidiary's local enacted rate is 25%. If the non-US subsidiary's outside basis for book

Assume the US enacted tax rate is 30%, and a non-US subsidiary\'s local enacted rate is 25%. If the non-US subsidiary\'s outside basis for book exceeds outside basis for tax,
at what total rate will the earnings of that subsidiary be ultimately booked in the consolided financial statements? Ignore the impact of tax credits.

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