The effective tax rate a company pays can vary significantly from the federal tax rate of 35% based on many factors -- but in general, it appears to be rising, according to a study by Charles Mulford, director of the Georgia Tech Financial Reporting & Analysis Lab. Multinational companies pay anywhere from 21.8% to more than 40%, depending on foreign operations, tax credits and other factors. The study says, though, that the trend is toward a higher rate, with the median effective tax rate increasing to 27.2% in 2011, from 24.1% in 2009.
We all knew beer is a mood enhancer, but now we have scientific basis. According to a study published in Neuropsychopharmacology, a taste of beer correlates with the release of dopamine, which helps control the brain's reward and pleasure centers.
Corporate compliance officers can refer to the Federal Sentencing Guidelines when developing ethics and compliance programs. Companies operating outside the U.S. do not have a similar guide. This article provides a country-by-country look at the nearest equivalent to a compliance framework.