From 720daeff0f00a36327b76b8805ba701babcbe752 Mon Sep 17 00:00:00 2001 From: ronny abraham Date: Mon, 23 Dec 2024 22:04:10 +0200 Subject: [PATCH] talking about tax loss vs profit --- _data/market share spreadsheet.numbers | Bin 193427 -> 194067 bytes mba/ch50.org | 39 +++++++++++++++++++++++++ 2 files changed, 39 insertions(+) diff --git a/_data/market share spreadsheet.numbers b/_data/market share spreadsheet.numbers index 89914b05e5f2ba8f192144ed61fe696e1fc76663..cbd4d07b6cece25977b039120e999b165203aedd 100644 GIT binary patch delta 21515 zcmb5W30M@z)-YVv(+xet(Dbx04kI9pphy%4R2a~p5F|(lA!rC1H%y4pxJ8LECXq!! zKvAKU22}RNjYR=*0mTKy9Z(ceWD#&z+!b~B&!9K=egE9=`R+GQpX#&JzMQH$RXzM| z1O9=5%>N4!X^eEgk{!a7F)j-eWM2(mwZ@fCbKa8bTwkc!l;#|@*|{~wRYKCh0T-Am zk_NsVNdtdR{0NFzwWj1SRovfs*oIVRg^tT{^m%28qgraG*B;|~3m7EbPU%SjQ&0wu zHi+(sab<*I#-tA6bIonSI%8bBVqELF_@Stinv1$9A1NedLdhI`ko0MxM#&u-icIhj zCo^PuwN9fXX>k9Yf5ReSN^`WDm(U35KnZ1DkGU`rMwCL&PINm(S5|N{2&~6)pVB?k#pd0A-6QPOcT!yM 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marketing or R&D expenses increasing efficiently year over year? + +** taxes and interest +| | 2015 | 2016 | 2017 | +|-----------+------+------+---------------| +| Interest | | | ₪85,000.00 | +| Tax | | | ₪4,250,000.00 | +| % of EBIT | | | 24.29% | + +*** % of EBIT formula +\[ +\text{Tax as \% of EBIT} = \left( \frac{\text{Tax Amount}}{\text{EBIT}} \right) \times 100 +\] + +*** Why No Taxes Before 2017? +**** Taxes Are Based on Profit (EBIT) + - Corporate taxes are typically calculated as a percentage of **profit** (Earnings Before Interest and Taxes, EBIT). + - If the EBIT is **negative** (i.e., the company has an operating loss), there’s no taxable income, and thus no corporate income tax is owed. + +**** Losses in 2015 and 2016 + - EBIT values: + - 2015: -₪4,800,000 + - 2016: -₪24,000,000 + - Since the company had **operating losses** during these years, there was no taxable profit. + +**** Profit in 2017 + - EBIT in 2017: ₪17,500,000. + - By 2017, the company had a positive EBIT, meaning taxable profit existed, and taxes were applied from that year onward. + +*** How Losses Affect Taxes - Loss Carryforward +- Many tax systems allow companies to carry forward losses from previous years to offset future taxable income. +- Loss carryforwards reduce taxes owed in profitable years. + +*** No Tax Obligation Without Profit + - If a company doesn’t generate profit, it generally doesn’t pay income taxes. + - Other taxes (e.g., payroll, VAT, property taxes) may still apply. + +*** Conclusion + - Taxes weren’t calculated before 2017 because the company didn’t have taxable profit. + - Once the company turned a profit in 2017, taxes were applied.