For FYE 2012 through the end of 2015 Alphabet's Income After Tax has been, on av... | Hacker News

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		JumpCrisscross on Jan 27, 2017 \| parent \| context \| favorite \| on: Alphabet Announces Fourth Quarter and Fiscal Year ... For FYE 2012 through the end of 2015 Alphabet's Income After Tax has been, on average, 81% of its Income Before Tax. That implies a 19% average tax rate. Excluding Q4 2015, the same ratio for Q3 2015 through the end of Q3 2016 was 82%. That implies an 18% average tax rate. The anomaly was Q4 2015, not this most-recent quarter. Source: Google Finance

gregnavis on Jan 27, 2017 [–]

I was puzzled by the difference in ETR in Q42015 and Q42016 (5% vs 22%). What happened in Q42015 that made the ETR so low?

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