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EFFECTIVE TAX RATE
6 Months Ended
Jun. 30, 2025
EFFECTIVE TAX RATE  
EFFECTIVE TAX RATE

NOTE 20 – EFFECTIVE TAX RATE

 

Our effective tax rate was (16.3)% and 97.1% for the three months ended June 30, 2025 and June 30, 2024, and (4.0)% and 16.9% for the six months ended June 30, 2025 and June 30, 2024, respectively. The decrease in the effective income tax rate for the three and six months ended June 30, 2025 compared to the same periods in 2024 is primarily due to changes in the mix of our earnings and tax expenses between the U.S. and foreign countries.