Novus Capital II (Novus Capital II) Tax Expense : $ Mil (TTM As of Dec. 2021)

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What is Novus Capital II Tax Expense?

Novus Capital II's tax expense for the months ended in Dec. 2021 was $0.00 Mil.

Novus Capital II Tax Expense Historical Data

The historical data trend for Novus Capital II'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.

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Novus Capital II Tax Expense Chart

Novus Capital II Annual Data

Trend

Dec20

Dec21

Tax Expense

Novus Capital II Quarterly Data
	Sep20	Dec20	Dec21
Tax Expense	-	-	-

Novus Capital II Tax Expense Calculation

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.

Novus Capital II (NYSE:NXU) 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.

Novus Capital II Tax Expense Related Terms

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Novus Capital II (Novus Capital II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Novus Capital Corp II (NYSE:NXU) » Definitions » Tax Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

8556 Oakmont Lane, Indianapolis, IN, USA, 46260

Website

https://www.novuscapitalcorporation.com

Novus Capital Corp II is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.