Meaning of “effective tax rate” in the English Dictionary

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"effective tax rate" in Business English

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effective tax ratenoun [ C ]

uk us 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)