Obtain Nestle´'s 2010 annual report using the ''Investor Relations'' portion of its website (do a web search for Nestle´ investor relations).
Required:
1. What was the total income tax expense relating to profit before taxes and associates for 2010? How much of this was current? How much was deferred? What makes up the balance of taxes from continuing operations?
2. What is the amount of Nestle´'s 2010 permanent differences? How does Nestle´ refer to permanent differences in its reconciliation of taxes?
3. What is the net amount of Nestle´'s deferred tax assets and liabilities at December 31, 2010? What are the three largest causes of temporary differences for Nestle´?