Working with the Regional Statutory Effective Tax Rate

Tax Reporting calculates the Effective Tax Rate (ETR) reconciliation automatically at the statutory rates.

The statutory tax rate is the product of the current year statutory tax rate times the current year apportionment rate.

The rate reconciliation automatically calculates the tax impact of reconciling items as a percentage of pretax net income before taxes as adjusted. Click to expand entries to drill down to the lowest level of detail of each of the above reconciling items to view the contribution of each item to the overall effective tax rate, depending on the level of information that is entered.