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Sharing Services Global's tax expense for the months ended in Dec. 2023 was $0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0.79 Mil.
The historical data trend for Sharing Services Global's Tax Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sharing Services Global Annual Data | |||||||||||||||||||
Trend | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Mar21 | Mar22 | Mar23 | ||||||||||
Tax Expense | Get a 7-Day Free Trial | - | 0.49 | -0.60 | -3.04 | - |
Sharing Services Global Quarterly Data | ||||||||||||||||||||
Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Tax Expense | Get a 7-Day Free Trial | 0.10 | 0.79 | 0.01 | -0.01 | - |
Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.
Tax Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.79 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sharing Services Global (OTCPK:SHRG) Tax Expense Explanation
In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.
Thank you for viewing the detailed overview of Sharing Services Global's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Chan Heng Fai Ambrose | director, other: Exec. Chairman of the Board | 2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999 |
Document Security Systems Inc | 10 percent owner | 275 WIREGRASS PKWY, WEST HENRIETTA NY 14586 |
Anthony S. Chan | officer: Chief Financial Officer | 228 YANJIANG AVE., JIANGAN DIST., BLDG A, WUHAN CITY F4 430010 |
Steven Mark Nicholls | officer: Chief Financial Officer | 1700 COIT ROAD, SUITE 100, PLANO TX 75075 |
Robert H Trapp | director | C/O EVISION INTERNATIONAL INC., 1888 SHERMAN ST. #500, DENVER CO 80203 |
Sassuan (samson) Lee | director | 200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14623 |
Frank D Heuszel | director | 275 WIREGRASS PKWY, WEST HENRIETTA, NEW YORK NY 14586 |
Frank Walters | director, officer: SECRETARY, TREASURER, CFO | C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075 |
Keith R Halls | director | 75 W CENTER ST, PROVO UT 84601 |
Kip Hughes Allison | director | 7200 DALLAS PKWY, #2322, PLANO TX 75024 |
John Thatch | director, officer: PRESIDENT, CEO | C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075 |
Bear Bull Market Dividends, Inc. | 10 percent owner | 600 ANTON BLVD. 11TH FLOOR, COSTA MESA CA 92626 |
Alchemist Holdings Llc | 10 percent owner | 1415 LEGACY DRIVE, SUITE 310, FRISCO TX 75034 |
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