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This article may be expanded with text translated from the corresponding article in Spanish. (October 2019) Click [show] for important translation instructions. Frankfurt attracts many foreign banks which maintain offices in the city. It is the seat of Deutsche Börse, one of the leading stock exchanges and derivatives markets operators, and the European Central Bank, which sets the monetary policy… Provision (Benefit) for Income Taxes Years Ended December 31, 444 348 96 (dollars in millions) 2014 $ 3,314 21.7 % 2013 $ 5,730 19.6 % 2012 $ (660) (6.7) % Increase/(Decrease) 2013 vs. Thus the Income and Expense accounts indirectly affect the Equity component of the Accounting Equation of Assets = Liabilities + Equity, where Equity increases or decreases each year depending on whether the year s income exceeds expenses… Without the lower tax rate, net income for
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