As long as tax rates are constant over time, temporary differences do not affect ETR, which is why T's ETR of 21% equals the enacted statutory rate
The notice has informed service providers that from July 1, all internet and broadband customers, irrespective of their speed or charges, will pay sales tax at the statutory rate
They will also have to agree to pay the so-called Real Living Wage, which is higher than the statutory rate
The company said the higher GAAP net earnings was driven by a 1,050 basis point decrease in its effective tax rate versus the prior year due to a reduction in the US statutory rate
due to the US Tax Cuts and Jobs Act, discrete tax items, an updated estimate of the US transition tax, as well as excess tax benefits from stock compensation.
Federal income tax expense was lower by $306,000 primarily due to the decrease in the statutory rate
from 34% to 21%.
The foundation sets a voluntary living wage of PS10.20 an hour in London and PS8.75 an hour outside the capital, compared with the statutory rate
of PS7.83 for adults.
A ratio in this range would reflect an effective tax rate of 2.5-3 per cent, lower than the 5 per cent statutory rate
, owing to expected administrative inefficiencies and the ability countries have to exempt and zero-rate selected sectors," international ratings agency SandP said in a note on Sunday.
(NYSE: FBC) has announced a one-time, non-cash charge to the provision for income taxes of approximately USD 80 million, or USD 1.38 per diluted share, resulting from new tax legislation that required the revaluation of its deferred tax asset at a lower corporate statutory rate
, the company said.
BOSSES are being accused of "cheating" apprentices out of the minimum wage after a new study found 135,000 apprentices in England are being paid less than the statutory rate
It's not just that America's top statutory rate
is higher than in all other countries in the Organization for Economic Cooperation and Development (OECD).
The only jurisdictions with a higher statutory rate
are the U.S.