Income Taxes

6 Months Ended

Jun. 30, 2026

INCOME TAXES

The following table reconciles the difference between the statutory federal income tax rate for the Company and the effective income tax rate for the six months ended June 30, 2026:


Statutory rate	(21.0	)%
Foreign taxes	71.2	%
Income (loss) of foreign subsidiaries not includable in U.S. return	30.1	%
162(m) - executive compensation	7.8	%
Subpart F Income and GILTI	4.8	%
Share award plans	3.3	%
Other	(0.8	)%
Effective income tax rate	95.4	%

- Definition

The entire disclosure for income tax.

+ References

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+ Details