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Free RACs Gained Share; But Cost Block

Wednesday, 27 June 2012

News

H&R Block will not repeat its offer of free refund transfers, RACS, during the next tax season. And one reason is that probably that while the giveaway helped the tax services company gain market share it cost the company on the top and bottom line as income from tax services dropped by 34.7 percent and revenue fell by 1.7 percent for the year ended April 30.

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