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Discuss the company deferred tax liability strategy

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Reference no: EM132860289

Question - The income tax rate for Hudson Refinery has been 35 percent for each of its 12 years in operation. Company forecasters expect the much-debated tax reform bill that has been passed by the new Congress this year will decrease Hudson's tax rate to 15 percent.

Discuss the company's deferred tax liability strategy going forward. Which rate should the company use, and why should they use that rate?

Reference no: EM132860289

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