Effective Tax Rate Comparision

Users can compare the effective tax rate between two datasets in the Effective Tax Rate Comparison report. Users must use provision datasets to perform the dataset comparison. Users can also choose a class filter and breakout by class view for the report.

The report shows the reconciliation from the US statutory federal rate to the overall calculated effective tax rate and presents the two datasets together reflecting the differences. The report shows each component that drives the rate, with both the dollar tax effect and the rate percentage effect.

The rate to reconcile to for the report is determined by the Group Tax Rate that is selected when the dataset was created. To see the reconciliation to the statutory rate, click the “Use Unit Tax Rate” link.

Effective tax rate rollups are user-defined groupings that determine the way component data appears in the Effective Tax Rate report. The default view separates component differences into their default categories. Clicking different view options from the top right of the page changes the organization of data in the report.

Effective tax rate rollups are managed in Administration in ONESOURCE Tax Provision.