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As of the year 2013, the amount of deferred tax liability that Colgate was known to have was USD 83 million.
What is meant by deferred tax liability?
On the balance sheet of an organization, the deferred tax sheet shows us the taxes that are owed by the owed that are not due for payment until a date in the future.
Colgate was said to have had a deferred liability that was 83 million dollars at that time.
Read more on deferred tax payment here:
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