Question
Tesla Motors Inc. produces a net operating loss of -410 million during their 2020 fiscal year end. Wall Street analysts forecast that the company will
Tesla Motors Inc. produces a net operating loss of -410 million during their 2020 fiscal year end. Wall Street analysts forecast that the company will grow rapidly and generate the following operating income over the next 4 years :
2021 : -300 million
2022 : - 200 million
2023 : 380 million
2024 : 800 million
The marginal tax rate is 20% for Tesla. Based on the analyst forecasts, what will be the company's effective tax rate in percentage in 2024?
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Authors: J.b. Yupangco
1st Edition
8389911302, 978-8389911308
