- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 9. Analysis of Income Taxes
- Subject 5. Corporate Income Tax Rates
CFA Practice Question
The effective tax rate is generally ________ the statutory tax rate.
B. Lower than
C. The same as
A. Higher than
B. Lower than
C. The same as
Correct Answer: B
This is due to aggressive tax planning and utilization of tax incentives.
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