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Tax


The year-to-date tax rate is 38 percent, due to a law change in the US regarding deductibility of healthcare-related costs (€8 million reduction of deferred tax asset) and non-deductible costs related to a devaluation loss in Venezuela. Excluding these incidental items the year-to-date tax rate would have been 29 percent.

Copyright © 2010 Akzo Nobel N.V.