Quote:
Originally Posted by Rockin' Flames
I have no clue as to how you can say the statutory rate is irrelevant when this is the rate that is used to calculate every corporations income tax.
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If you go through some SEC filings or read conference call transcripts from the large corporations, you'll note that they will often brief their investors on the effective tax rate they paid for the quarter. They note this because that's the metric that is relevant to their business, and it is what the investors care about.