Locate the web page of Citizens for Tax Justice and find the report Corporate Income Taxes in

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Locate the web page of Citizens for Tax Justice and find the report

‘‘Corporate Income Taxes in the 1990s.’’ Using this report, identify the effective tax rates of three companies, as estimated in the report. Also locate the financial statements of these three companies (using the companies’ websites or the SEC’s website www.sec.gov). From the financial statement income tax note, identify the reported effective tax rate from the rate reconciliation for each company. Compare and contrast the financial statement effective tax rates with those estimated by the Citizens for Tax Justice report. Summarize this information in an e-mail to your instructor.

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South Western Federal Taxation 2011 Taxation Of Business Entities

ISBN: 9780538498616

14th Edition

Authors: James E. Smith, William A. Raabe, David M. Maloney

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