Discontinued — last reported Q4 '18

Tax

Tax Reconciliation: Enacted Rate Change

General Motors Tax Reconciliation: Enacted Rate Change remained flat by 0.0% to $2.25M in Q4 2024 compared to the prior quarter. Year-over-year, this metric declined by 64.0%, from $6.25M to $2.25M. Over 3 years (FY 2021 to FY 2024), Tax Reconciliation: Enacted Rate Change shows an upward trend with a -54.1% CAGR.

Analysis

StatementIncome Statement
SectionTax
CategoryRisk
SignalContext dependent
VolatilityVolatile
First reportedQ1 2014
Last reportedQ4 2018

How to read this metric

A large impact indicates a significant change in the regulatory environment that affects the valuation of future tax obligations.

Detailed definition

The impact on the income tax provision resulting from legislative changes to tax rates that have been enacted during the...

Peer comparison

Reported in the tax reconciliation footnote during years where major tax reform occurs.

Metric ID: is_tmo_tax_reconciliation_enacted_rate_change

Historical Data

4 years
 FY'21FY'22FY'23FY'24
Value-$93.00M$78.00M$25.00M$9.00M
YoY Change—+183.9%-67.9%-64.0%
Range-$93.00M – $78.00M
CAGR-54.1%
Avg YoY Growth+17.3%
Median YoY Growth-64.0%
Current Streak2 years decline

Frequently Asked Questions

What is General Motors's tax reconciliation: enacted rate change?
General Motors (GM) reported tax reconciliation: enacted rate change of $2.25M in Q4 2024.
How has General Motors's tax reconciliation: enacted rate change changed year-over-year?
General Motors's tax reconciliation: enacted rate change decreased by 64.0% year-over-year, from $6.25M to $2.25M.
What is the long-term trend for General Motors's tax reconciliation: enacted rate change?
Over 3 years (2021 to 2024), General Motors's tax reconciliation: enacted rate change has grown at a -54.1% compound annual growth rate (CAGR), from -$93.00M to $9.00M.
What does tax reconciliation: enacted rate change mean?
The tax expense impact caused by changes in government tax laws or rates.