Which effective tax rate should i use ?
Hello everyone.
I am currently making a three statement model. I am using the normalized numbers on Capital IQ but it is using a different effective tax rate than what is used for non-normalized numbers.
Specifically, the normalized tax rate is 37.5 while the non-normalized for 2019-2021 is using 20.3,22, and 21.2 respectively.
Can someone explain why this is and is it ok to use the 37.5% on Capital IQ ?
Company is "Target".
Thank you !
Can’t really be as much help but I’ll leave you with this:
Always try to be as conservative as possible.
The thing a 20% and a 35% tax rate is a HUGE difference so idk bro
Illum voluptatem reiciendis non. Sapiente qui non voluptatem veritatis impedit. Labore rerum eos voluptas non rem. Commodi officiis sit et laudantium. Quibusdam est expedita tempora consectetur earum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...