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According to Colgate’s 2013 10-K, what factors led to lower effective non-GAAP tax rate during the year as compared to the company’s effective GAAP tax rate?

Respuesta :

Answer:

2012 restructuring program

Venezuela devaluation charge

Business realignment and other cost saving initiatives

Charge associated with European competition law matter.

Explanation:

Colgate has been through restructuring program in 2012, which has contributed to reduced non-GAAP tax rate. There was Venezuela devaluation charge, Sale of land in Mexico and charge with European competition law matter. These all contributed to effective lower non-GAAP tax rate of the company.

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