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Their effective tax rate is only half what it was the previous year. Any ideas what changed?
by byefruit 6y ago
Their effective tax rate is only half what it was the previous year. Any ideas what changed?
- chapplap 6y agoThe $3B FTC fine was deducted from Q1 2019's income, substantially increasing the effective tax rate for that quarter. The fine was not a tax-deductible expense.