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United States Securities and Exchange Commission WASHINGTON, D.C. 20549FORM 10K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December

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A tax shield is an allowable deduction from taxable income, which reduces the total amount of tax owed. It can take the form of interest on debt, depreciation, or other deductible expenses.

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