Oracle Hyperion Tax Provision calculates the regional Effective Tax Rate (ETR) reconciliation automatically at the statutory rates. The Statutory Rate Reconciliation form captures the following items on a pretax and tax-effected basis:

• Net Income Before Tax Adjusted

• GAAP to STAT permanent differences

• STAT to TAX permanent differences

• Regional and additional taxes

• Special deductions

• Change in valuation allowance

• Additional provision items

• Effective tax rate

The statutory tax rate is the product of the current year statutory tax rate times the current year apportionment rate.