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When a company incorporated in a country with a high tax rates does business in countries with lower tax rates, it will report an effective

When a company incorporated in a country with a high tax rates does business in countries with lower tax rates, it will report an effective tax rate below its statutory rate. Is the difference sustainable into the future? What occurs if the company decides to repatriate earnings? How operating taxes should be computed in the year of repatriation? How is ROIC distorted by local taxation and repatriation?

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