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Premade ChartHistorical Effective Tax Rate
TSX:MUX

 

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Effective Tax Rate

The effective tax rate is the average rate at which its pre-tax profits are taxed.

Effective Tax Rate = Tax Expense / Pre-tax Income.

Since a higher tax rate reduces the cash available to shareholders, all else equal, companies with higher tax rates will trade at lower valuation multiples.

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Effective Tax Rate
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March 2020

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April 2020

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