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HBI » Topics » To service our debt obligations, we may need to increase the portion of the income of our foreign subsidiaries that is expected to be remitted to the United States, which could increase our income tax expense.These excerpts taken from the HBI 10-K filed Feb 19, 2008. To
service our debt obligations, we may need to increase the
portion of the income of our foreign subsidiaries that is
expected to be remitted to the United States, which could
increase our income tax expense.
We pay U.S. federal income taxes on that portion of the
income of our foreign subsidiaries that is expected to be
remitted to the United States and be taxable. The amount of the
income of our foreign subsidiaries we remit to the United States
may significantly impact our U.S. federal income tax rate.
In order to service our debt obligations, we may need to
increase the portion of the income of our foreign subsidiaries
that we expect to remit to the United States, which may
significantly increase our income tax expense. Consequently, our
tax rate has been, and we believe in future periods is likely to
continue to be, higher, on average, than our historical income
tax rates in periods prior to our spin off from Sara Lee.
To service our debt obligations, we may need to increase the portion of the income of our foreign subsidiaries that is expected to be remitted to the United States, which could increase our income tax expense. We pay U.S. federal income taxes on that portion of the income of our foreign subsidiaries that is expected to be remitted to the United States and be taxable. The amount of the income of our foreign subsidiaries we remit to the United States may significantly impact our U.S. federal income tax rate. In order to service our debt obligations, we may need to increase the portion of the income of our foreign subsidiaries that we expect to remit to the United States, which may significantly increase our income tax expense. Consequently, our tax rate has been, and we believe in future periods is likely to continue to be, higher, on average, than our historical income tax rates in periods prior to our spin off from Sara Lee. | EXCERPTS ON THIS PAGE:
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