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C » Topics » (1) The tax credit is due to the effect of permanent differences on the lower level of pre-tax earnings.This excerpt taken from the C 8-K filed Jan 15, 2008. (1) The tax credit is due to the effect of permanent differences on the lower level of pre-tax earnings. (2) Discontinued operations relates to residual items from the Companys sale of Citigroups Travelers Life & Annuity which closed during the 2005 third quarter and the companys sale of substantially all of its Asset Management business which closed during the 2005 fourth quarter.
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