Eriksson reminds Lars that there is a proposal in Sweden to reduce the corporate tax rate from the current 22% to 16.5%. He would like to provide pro-forma disclosures related to the potential change in net income this change could provide for Trana. He reminds Lars that the average tax rate for the eurozone countries where Trana operates is 30% and 25% in the United States. Sweden operates under a tax treaty with all countries in which it has subsidiaries, such that it will owe taxes on foreign earned income to the extent that the Swedish rate exceeds the foreign rate.
In closing the meeting, Eriksson mentions that Trana is undertaking a comprehensive review of its operations in 2016, and its objectives include reducing overall tax costs by lowering its effective tax rate and reducing foreign exchange gains and losses reported on the income statement.
Q. If the proposed reduction in Swedish tax rates had been in effect in 2015, the increase in Trana’s net profit (in SEK millions) would have been closest to:
- SEK31.2.
- SEK18.6.
- SEK29.8.
答案为
A is correct. The proposed change in Swedish tax rates would have affected the income earned in Sweden (SEK338 before tax) and the pre-tax income earned in the South American subsidiary (SEK227, see calculation in following table) because the tax rate there is lower than in Sweden and hence subject to tax at Swedish rates. The income earned in tax jurisdictions with rates higher than Sweden’s (Europe and the United States) are not subject to tax in Sweden and thus would not have been affected.
| Tax Effect as Reported (22%) | Under Proposal (16.5%) | Difference | ||
| Swedish earnings before taxes (EBT) | SEK338 | 74.4 | 55.8 | SEK18.6 |
| South American EBT* | SEK227 | 50.0 | 37.4 | SEK12.6 |
| Total | SEK31.2 |
* To calculate EBT, divide net profit of SEK204 by (1 – tax rate): 204/(1 – 0.10) = SEK227.
这里根据题干，美国税率25%比瑞典高，应该不用再补税了啊？
