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Damodaran Fundamentals: Effective Tax Rate on Income

This is the effective tax rate, obtained by dividing the taxes paid by the taxable income as reported to the stockholders. We would rather have used marginal tax rates, but these are not reported. Units: %. Corporate Finance data is collected and calculated by Prof. Aswath Damodaran, Professor of Finance at the Stern School of Business, New York             University. The raw data is available here: http://pages.stern.nyu.edu/~adamodar/New_Home_Page/data.html
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study("Effective Tax Rate on Income", shorttitle="Effective Tax Rate on Income", precision=1)
sym = "QUANDL:DMDRN/" + ticker + "_EFF_TAX_INC"
series = security(sym, "D", close)
plot(series, color=orange, linewidth=3) 
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