OfficeMax 2011 Annual Report Download - page 41

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Fluctuations in our effective tax rate may adversely affect our results of operations. We are a multi-
national, multi-channel provider of office products and services. As a result, our effective tax rate is derived from
a combination of applicable tax rates in the various countries, states and other jurisdictions in which we operate.
Our effective tax rate may be lower or higher than our tax rates have been in the past due to numerous factors,
including the sources of our income, any agreements we may have with taxing authorities in various
jurisdictions, and the tax filing positions we take in various jurisdictions.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
9