b . What is Colgate ’ s effective tax rate for each of the three years ? Why is it different from its statutory tax rate ? Explain at least one of these differences in detail .
c . What is Colgate ’ s tax provision ? Why is it different from its tax obligation / payment ?
d . You are in the process of forecasting Colgate ’ s income for the next year . What tax rate would you apply to your forecast and why ? ( Come up with a rate if possible .)
e . Examine Colgate ’ s deferred tax assets and liabilities . Explain why they arise in general . Provide a detailed explanation of how at least two of the deferred assets / liabilities arise and “ guess ” at the approximate duration over which these assets / liabilities are expected to reverse .
f . Examine the “ movement ” in the deferred tax assets / liabilities between 2011 and 2010 and explain the major changes .