Question-and-Answer Session
[Operator Instructions]. Your first question comes from the line of Amit Daryanani with RBC Capital.
Amit Daryanani - RBC Capital Markets
Good morning, guys. Just a quick?
Zac Nagle - Vice President - Investor Relations
Amit, did we lose you?
Operator
We will move to the next question. Your next question comes from Charlie Brady with BMO Capital Markets.
Charles Brady - BMO Capital Markets
Hey, thanks. Good morning, guys
Mark A. Blinn - Senior Vice President, Chief Financial Officer, and Latin America Operations
Hi, Charlie.
Charles Brady - BMO Capital Markets
Hey, just a quick clarification on the tax rate just so I understand I'm clear. Structural rate of 29% but then reported rate, 200 basis points to 400 basis points below that?
Mark A. Blinn - Senior Vice President, Chief Financial Officer, and Latin America Operations
That's right, Charlie, and let me make sure I'm really clear on this. What we talked about around FIN 48, there is the aspect to the structural rate and then there can be fluctuations around that for a resolution of certain matters, but also from certain tax-planning items. So what we are saying is, we see our structural rate going forward to be 29% or below. We do see additional benefits of 2% to 4% through the back half of the years and those could be resolution of tax matters and/or the benefit of tax-planning initiatives. But you are right, 29% or below is our structural rate and additional 200 basis points to 400 basis points in '08.
Charles Brady - BMO Capital Markets
Okay. Thanks for that clarification. As we look at the bookings, particularly on the Pump business, as we had that 200 basis point shift and Q1, we had another 100 basis point shift. Are you seeing a shift towards the aftermarket business happening sooner than you might have envisioned? Or given the fact that for Q3, for instance, we're going against a 42% aftermarket mix, do you expect that the swing back towards more OE in the back half of '08?
Mark A. Blinn - Senior Vice President, Chief Financial Officer, and Latin America Operations
Yeah, I don't want to call mix going forward because if I would have done it last year, I would have been wrong. And that's primarily driven by our tremendous success in executing on our aftermarket strategies. But Charlie, you can't ignore that the mix in orders over the last year has really been more biased toward original equipment. What we've seen is just tremendous success on our aftermarket strategies.
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