Dec 18 (Reuters) - TechnologyOne Ltd TNE.AX :
* TechnologyOne clarifies its effective tax rate in response to the ato's
corporate tax transparency report
* Effective tax rate would have been 30 per cent, had a legitimate research &
development (research and development) tax offset not been applied."
* Our reduced tax is simply the result of our extensive research and
development program of $41million"
* Di marco said its tax was in line with the ato's requirements
* Says" it is disappointing to see what the ato has done"
* Source text for Eikon ID:nASX567Cvz
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