The "current income tax expense or benefit" always represents the taxes paid or refunded in the current year.

Question

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The "current income tax expense or benefit" represents the amount of taxes that should have been paid or refunded based on the current year's financial results. This amount may differ from the actual taxes paid or refunded in the current year because of timing differences or changes in tax laws. Therefore, the current income tax expense or benefit is not always equal to the taxes paid or refunded in the current year.

The "Current Income Tax Expense or Benefit" Always Represents the Taxes