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This is ignoring the fact that most companies do not actually pay the effective rate. When you take deductions and so forth into account the rate is not that fa
by fzeroracer 9y ago
This is ignoring the fact that most companies do not actually pay the effective rate. When you take deductions and so forth into account the rate is not that far out from the average. You can't just look at one statistic in a vacuum and not look at everything related to it.
- pfranz 9y agoI've always seen "effective tax rate" to mean after the deductions have been applied. Looking at OECD data, I don't see them publishing effective tax rates--only the statutory rates (the base rate). But you are correct in that the statutory rate appears very high, but the effective rate is in line other OECD countries.