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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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To determine the total rate at which the earnings of the nonUS subsidiary will be ultimately booked ...
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