INCOME TAXES |
3 Months Ended |
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Jan. 31, 2022 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES |
NOTE 17 – INCOME TAXES
The Company’s effective tax rate for the three months ended January 31, 2022, and 2021, was 16.0% and (11.8%) respectively. The increase in the effective tax rate for the three months ended January 31, 2022, as compared to January 31, 2021, resulted from the US companies becoming tax paying entities having used up their net operating loss carry-forwards. |
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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