Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES

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INCOME TAXES
3 Months Ended
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.