This blended tax treatment gives futures a lower effective rate.
Others paying lower "effective rates," like domestic manufacturers, could lose.
Around the world, corporations have campaigned for lower effective tax rates.
This compared favourably with other Fortune 100 companies, which "have substantially lower effective tax rates than ExxonMobil".
A lower effective tax rate helped, but refining margins were also higher.
Six cents of that increase can be attributed to lower effective tax rates in the United States stemming from Medicare legislation passed by Congress last year.
If being based in Canada is more favorable, from a tax perspective, one might expect Tim Hortons to have a lower effective tax rate than Burger King.
On the bottom line it was an 8% beat, due to a much lower effective tax rate of 28.2% versus estimated 31.0% and 34.0% in the prior period.
She proposed a "fair share surcharge" that would place an extra tax on people who make more than $5m a year, in an effort to close loopholes that often mean millionaires pay lower effective rates than middle-class families.
The 2014 financial report shows no sign that Wilson Security's Australian parent benefited from a lower effective tax rate, having paid 29% – just below the nominal company tax rate of 30% – on its net profit of $32.5m.
The headline corporate income tax rate in the US is 35%, but Shire – like many global drugs and technology groups– has for years managed to maintain a much lower effective tax rate, thanks in large part to complex tax planning.
