effective tax rate Meaning in Cambridge Business English Dictionary
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Meaning of "effective tax rate" - Business English Dictionary

effective tax rate

noun [C]
 
 
( abbreviation ETR)
ACCOUNTING, TAX the actual amount of tax paid as a percentage of taxable income or profit: The company's effective tax rate was 36.6% in the last fiscal year.
(Definition of effective tax rate from the Cambridge Business English Dictionary © Cambridge University Press)
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