Different countries have different statutory tax rates Choose an industry and select five companies that operate in different countries Access these companies most recent financial statements and make note of their statutory and effective income tax rates Alternatively, use the railway industry and...

Below is the schedule of information on statutory and effective income tax rat ...

Different countries have different statutory tax rates. Choose an industry and select five companies that operate in

Question:

Different countries have different statutory tax rates. Choose an industry and select five companies that operate in different countries. Access these companies’ most recent and make note of their statutory and effective income tax rates.
Alternatively, use the railway industry and the following companies:
Canadian National Railway: ............... Canada
Deutsche Bahn: .................... Germany
East Japan Railway: ................... Japan
NSB Group: ..................... Norway
National Railroad Passenger (Amtrak): ...... United States
Instructions
Access the most recent reports for the five companies you chose. For each company, identify its year end, country of operation, statutory income tax rates, and effective tax rates. Discuss any similarities or differences found.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...