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Most of their pretax income is generated in

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Swick984   Wednesday, 12/26/18 02:06:21 PM
Re: littlefish post# 7690
Post # of 7744 
Most of their pretax income is generated in Australia, where the corporate tax rate is 30%, so they will not benefit to the same extent as other US based companies as a result of the tax law change. The key will be to generate as much income in the US as possible, both to use the NOL as well as to get the lower tax rate. I believe some legislation is being proposed to lower that for smaller companies, but not a tax expert...

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