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WDC » Topics » Effective Tax Rate

These excerpts taken from the WDC 10-K filed Aug 20, 2008.
Effective Tax Rate
 
Reconciliation of the U.S. Federal statutory rate to the Company’s effective tax rate is as follows for the three years ended June 27, 2008:
 
                         
    2008     2007     2006  
 
U.S. Federal statutory rate
    35 %     35 %     35 %
Tax rate differential on international income
    (28 )     (24 )     (25 )
Tax effect of U.S. permanent differences
    4       —       —  
State income tax, net of federal tax
    2       —       —  
Income tax credits
    (2 )     —       —  
Change in valuation allowance
    —       (39 )     (16 )
Other
    1       1       3  
                         
Effective tax rate
    12 %     (27 )%     (3 )%
                         
 
Effective
Tax Rate


 



Reconciliation of the U.S. Federal statutory rate to the
Company’s effective tax rate is as follows for the three
years ended June 27, 2008:


 

























































































































































































                         

 

 

2008

 

 

2007

 

 

2006

 
 


U.S. Federal statutory rate


 

 

35

%

 

 

35

%

 

 

35

%


Tax rate differential on international income


 

 

(28

)

 

 

(24

)

 

 

(25

)


Tax effect of U.S. permanent differences


 

 

4

 

 

 

—

 

 

 

—

 


State income tax, net of federal tax


 

 

2

 

 

 

—

 

 

 

—

 


Income tax credits


 

 

(2

)

 

 

—

 

 

 

—

 


Change in valuation allowance


 

 

—

 

 

 

(39

)

 

 

(16

)


Other


 

 

1

 

 

 

1

 

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Effective tax rate


 

 

12

%

 

 

(27

)%

 

 

(3

)%

 

 

 

 

 

 

 

 

 

 

 

 

 






 




This excerpt taken from the WDC 10-K filed Aug 28, 2007.
Effective Tax Rate
 
Reconciliation of the U.S. Federal statutory rate to the Company’s effective tax rate is as follows for the three years ended June 29, 2007:
 
                         
    2007     2006     2005  
 
U.S. Federal statutory rate
    35 %     35 %     35 %
Tax rate differential on international income
    (24 )     (25 )     (40 )
Utilization of domestic NOL carryforward
    (9 )     (16 )     (22 )
Tax effect of repatriation
    —       1       15  
Increase in non-NOL deductible temporary differences not benefited
    —       6       15  
Release of valuation allowance
    (30 )     (6 )     —  
Other
    1       2       (1 )
                         
Effective tax rate
    (27 )%     (3 )%     2 %
                         
 
This excerpt taken from the WDC 10-K filed Nov 20, 2006.
Effective Tax Rate
 
Reconciliation of the U.S. Federal statutory rate to the Company’s effective tax rate is as follows for the three years ended June 30, 2006:
 
                         
    2006     2005     2004  
          (as adjusted)     (as adjusted)  
 
U.S. Federal statutory rate
    35.0 %     35.0 %     35.0 %
Tax rate differential on international income
    (25.3 )     (39.9 )     (43.8 )
Utilization of domestic NOL carryforward
    (16.0 )     (22.5 )     (7.8 )
Tax effect of repatriation
    1.1       15.2       —  
Increase in non-NOL deductible temporary differences not benefited
    0.3       15.3       16.5  
Other
    1.4       (1.4 )     2.5  
State income taxes, net
    0.1       0.3       0.2  
                         
Effective tax rate
    (3.4 )%     2.0 %     2.6 %
                         
 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Aug 20, 2008
10-K
Aug 28, 2007
10-K
Nov 20, 2006

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