Examlex
If a valuation allowance is decreased (released) in the current year, the corporation's effective tax rate is lower than if the valuation allowance had not increased.
Tax System
The structured collection of laws and regulations that govern how taxes are collected, managed, and utilized by a government.
Economic Cooperation
Collaboration between different countries or entities to improve their economic conditions through various means such as trade agreements and partnerships.
Excise Tax
Levies charged by the government on the sale of certain goods and services, typically aimed at regulating consumption or raising revenue for specific purposes.
Buyers
Individuals or entities that purchase goods or services for consumption or investment.
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