Page 102 - International Taxation IRS Training Guides

Is Striving for
a Low ETR Wrong?

No!

tax expense results in higher earnings per
 A lower

share (EPS)

 Sustained, predictable improvements in EPS add
shareholder
value and drive market prices

 Companies
try to manage costs efficiently (including

taxes)
to produce shareholder value

 Tax costs can be managed efficiently through

legitimate planning

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