Sentence examples for foreign tax rate from inspiring English sources

The local foreign tax rate stands at a mere 4% with the rate scheduled to phase out in 2017.

Even if his foreign tax rate was the comparatively high rate that prevails in the United States, 15 percent, that suggests substantial income, more than $5 million from his foreign assets.

Google already has its Euro HQ there, enabling it to perform the so-called "Double Irish" and "Dutch Sandwich" tax arrangements to lower its foreign tax rate to a mere 2.3percentnt.

The group argues that lower foreign tax rates create a level playing field for American companies and international competitors and, ultimately, save jobs in the United States.

As in most cases of international double taxation the German tax system imposes the exemption method by following the worldwide approach to taxing foreign income, Germany-based multinationals can easily use the benefits of lower foreign tax rates (Spengel 2005).

On average, the foreign effective tax rate is not much lower than the U.S. domestic tax rate.

Since then, foreign corporate tax rates of the countries where foreign multinationals investing in the U.S. are headquartered have declined by more than five percentage points, and further declines in the U.K. and in Japan are scheduled.

Some calculations of average foreign effective tax rates use simple averages where all foreign countries are counted equally.

The administration noted that in 2004, the latest year for which data were available, American multinational corporations paid about $16 billion on $700 billion in foreign earnings, an effective tax rate of about 2.3percentt.

There's something to that -- everyone who ever touted a foreign country's corporate tax rate did so because the rate itself was lower than ours.

The tax rate on foreign profits will fall to 10.5% and companies will be able to deduct foreign taxes already paid on those profits, meaning that U.S. taxes on those earnings could be minimal.