Page 111 - International Taxation IRS Training Guides

Common Items Impacting ETR and

Tax
Rate Reconciliation Schedule

difference items (e.g., fines or penalties)
 Permanent

 Valuation allowance considerations

• Net
Operating Losses (NOLs) and Tax Credit Carryovers (i.e.,
foreign NOLs, etc.)
FTC,

pricing adjustments
 Effects of transfer

 Other
tax incentives (i.e., local country tax holidays

and incentives)

 Allocation of
taxes (e.g., Other Comprehensive

Income (“OCI”), Additional
Paid In Capital (“APIC”),

Goodwill, etc.)

26