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83
Domestic and foreign components of income before income
taxes and minority interests, and the current and deferred
14
.
I
ncome
T
axes
income tax ex
p
ense (benefi t) attributable to such income are
su
mm
a
riz
ed
as
f
o
ll
o
w
s:
Yea
r
s
e
n
ded
D
ece
m
be
r 3
1
Millions of
y
e
n
Japanes
e
Fore
i
g
n
T
ota
l
2008:
I
ncome be
f
ore income taxes and minority interest
s
¥ 382,299 ¥ 98,848 ¥ 481,147
I
n
co
m
e
ta
x
es:
Cu
rr
e
n
t
¥ 168,428 ¥ 24,857 ¥ 193,285
D
e
f
erre
d
(34,073) 1,576 (32,497)
¥ 134,355 ¥ 26,433 ¥ 160,788
200
7
:
I
ncome before income taxes and minorit
y
interest
s
¥ 575,
0
17 ¥ 1
93
,
3
71 ¥ 7
68
,
388
I
ncome taxes
:
Cu
rr
e
n
t
¥ 238
,
921 ¥ 60
,
358 ¥ 299
,
27
9
De
f
e
rr
ed
(31,930) (3,091
)
(35,021
)
¥ 206,991 ¥ 57,267 ¥ 264,258
2
006
:
I
ncome be
f
ore income taxes and minority interest
s
¥ 556
,
75
9
¥ 162
,
384 ¥ 719
,
14
3
I
ncome taxes
:
Cu
rr
e
n
t
¥
20
1,
022
¥ 54,15
6
¥
2
55,17
8
D
e
f
erre
d
(
73
)
(
6,872
)
(
6,945
)
¥
200,9
4
9
¥ 47
,28
4 ¥
2
4
8,233
Th
ousa
n
ds
o
f
U
.
S
.
do
ll
a
r
s
J
apanes
e
F
ore
i
gn Tota
l
2008:
I
ncome be
f
ore income taxes and minority interest
s
$ 4,201,088 $ 1,086,242 $ 5,287,330
I
n
co
m
e
ta
x
es:
Current $ 1,850,857 $ 273,154 $ 2,124,011
D
e
f
erre
d
(374,428) 17,318 (357,110)
$ 1,476,429 $ 290,472 $ 1,766,901
T
h
e Company an
d
its
d
omestic su
b
si
d
iaries are su
b
ject to a
number of income taxes, which, in the aggregate, represent a
statutory income tax rate o
f
approximately 40%
f
or the years
ended December 31
,
2008
,
2007 and 2006
.
A reconciliation o
f
the Japanese statutor
y
income tax rate
and the effective income tax rate as a percentage of income
before income taxes and minority interests is as follows
:
Yea
r
s
e
n
ded
D
ece
m
be
r 3
1
2008
2007
2006
J
apanese statutor
y
i
ncome tax rat
e
40.0% 40.0% 40.0%
Increase (reduction) in income taxes resulting
f
rom
:
Expenses not deductible
f
or tax purposes 0.5
0
.
3
0
.
3
I
ncome of forei
g
n subsidiaries taxed at lower than
J
apanese statutor
y
tax rat
e
(2.6)
(
2.8
)
(
2.1
)
T
ax credit for research and develo
p
ment ex
p
enses (4.6) (4.5) (4.1)
O
t
h
e
r
0.1 1.4 0.4
Eff
ective income tax rat
e
33.4% 34.4% 34.5%