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  "authorName": "Keith Meister",
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  "notes": "Includes a quote from Kathryn A. Mikells dated 9/18/12.",
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      "text": "No other home security company is a significant cash tax payer. Importantly, we expect to be very efficient from a cash tax rate perspective. That's going to be driven by two things. First, we expect that we're going to inherit between $1 billion and $1.2 billion NOL at the time of the spin. In addition to that, we have the opportunity to accelerate certain deductions that will allow us to minimize that cash tax rate for a period of time beyond fully utilizing that initial NOL that we inherit... Overall, we expect our cash tax rate will be driven by federal AMC taxes, state taxes and Canadian income and withholding taxes resulting in an overall cash tax rate of between 6% and 8%. (Kathryn A. Mikells, 9/18/12)",
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      "text": "\"No other home security company is a significant cash tax payer. Importantly, we expect to be very efficient from a cash tax rate perspective. That's going to be driven by two things. First, we expect that we're going to inherit between $1 billion and $1.2 billion NOL at the time of the spin. In addition to that, we have the opportunity to accelerate certain deductions that will allow us to minimize that cash tax rate for a period of time beyond fully utilizing that initial NOL that we inherit... Overall, we expect our cash tax rate will be driven by federal AMC taxes, state taxes and Canadian income and withholding taxes resulting in an overall cash tax rate of between 6% and 8%.\" — Kathryn A. Mikells, 9/18/12",
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