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
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