Moderator Message:
Moved from Technical Analysis to Taxes
Moved from Technical Analysis to Taxes
Hi folks,
Apologies if this is the wrong forum area for this post.
Anyway as some of you know I'm spending a bit of time reviewing company financial statements in the process of evaluating share purchases. When I see
Profit before tax 1000
Taxation 200
-------------------------
Profit after tax 800
what kind of tax is being recorded here? It is just corporation tax or income tax or the summation of both? Sorry to seem dim, but in most firms it's just described as "taxation" but in the Sage one I'm reviewing it says "income tax".
Mildly curious,
Matt