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Swick984

12/26/18 2:06 PM

#7691 RE: littlefish #7690

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...