GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Plastic2Oil Inc (OTCPK:PTOI) » Definitions » Tax Expense

Plastic2Oil (Plastic2Oil) Tax Expense : $0.00 Mil (TTM As of Sep. 2019)


View and export this data going back to 2007. Start your Free Trial

What is Plastic2Oil Tax Expense?

Plastic2Oil's tax expense for the months ended in Sep. 2019 was $0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2019 was $0.00 Mil.


Plastic2Oil Tax Expense Historical Data

The historical data trend for Plastic2Oil'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.

* Premium members only.

Plastic2Oil Tax Expense Chart

Plastic2Oil Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Plastic2Oil Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Plastic2Oil 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.

Tax Expense for the trailing twelve months (TTM) ended in Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 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.


Plastic2Oil  (OTCPK:PTOI) 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.


Plastic2Oil Tax Expense Related Terms

Thank you for viewing the detailed overview of Plastic2Oil's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.


Plastic2Oil (Plastic2Oil) Business Description

Traded in Other Exchanges
N/A
Address
20 Iroquois Street, Niagara Falls, NY, USA, 14303
Plastic2Oil Inc is a U.S based fuel company which engages in transforming unsorted and unwashed waste plastic into ultra-clean, ultra-low sulphur fuel without the need for refinement in the United States. It uses waste plastic as feedstock to produce Fuel Oil No. 2, naphtha, and Fuel Oil No. 6 for various uses. The company also produces by-products, including an off-gas similar to natural gas and a petcoke carbon residue.
Executives
Luke R Taylor 10 percent owner, other: See Remarks Below 184 THOMPSON ST, APT 2A, NEW YORK NY 10012
Michael B. Dorrell 10 percent owner, other: See Remarks Below 55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Trent D Vichie 10 percent owner, other: See Remarks Below 55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Duncan D Murdoch 10 percent owner 532 W 22ND ST, APT 2A, NEW YORK NY 10011

Plastic2Oil (Plastic2Oil) Headlines

No Headlines