How did tax expenses impact net profit in Q3 2024?

The tax expenses had a significant impact on the net profit of companies in Q3 2024. Here's a detailed analysis:

1. **Berkshire Hathaway A and B**: Both Berkshire Hathaway A and B reported a net income of $26.48 billion, with tax expenses amounting to $6.03 billion each. This indicates that a substantial portion of their net income was absorbed by tax liabilities.

|code|Ticker|Name|Date|Net Income|Taxes Payable|market_code|
|---|---|---|---|---|---|---|
|AAPL|AAPL.O|Apple|2023 Q4|2.2956E10||185|
|AAPL|AAPL.O|Apple|2024 Q1|3.3916E10||185|
|AAPL|AAPL.O|Apple|2024 Q2|2.3636E10||185|
|AAPL|AAPL.O|Apple|2024 Q3|2.1448E10||185|

2. **Alphabet C and A**: Alphabet C and A reported a net income of $26.3 billion, with tax expenses of $5.41 billion each. This suggests that similar to Berkshire Hathaway, a significant amount of their net income was dedicated to covering tax expenses.
3. **Microsoft**: Microsoft reported a net income of $21.94 billion, with tax expenses of $4.79 billion. This indicates that while their net income was substantial, a non-trivial amount was spent on taxes.
4. **Apple**: Apple reported a net income of $21.45 billion, with tax expenses of $4.05 billion. This suggests that, like other companies, a portion of their net income was used to pay taxes.
5. **Meta**: Meta reported a net income of $15.69 billion, with tax expenses of $2.13 billion. This indicates that while their net income was significant, the tax burden was less compared to some other companies.
6. **Amazon.com**: Amazon.com reported a net income of $15.33 billion, with tax expenses of $2.71 billion. This suggests that, similar to Meta, the tax burden was relatively lower compared to some other companies.
7. **Jpmorgan Chase**: Jpmorgan Chase reported a net income of $12.9 billion, with tax expenses of $4.08 billion. This indicates that a substantial portion of their net income was absorbed by tax liabilities.
8. **TSMC**: TSMC reported a net income of $10.27 billion, with tax expenses of $1.87 billion. This suggests that while their net income was substantial, the tax expenses were lower compared to some other companies.

In conclusion, tax expenses had a considerable impact on the net profit of companies in Q3 2024, with some companies allocating a larger portion of their net income to tax liabilities compared to others. This highlights the importance of managing tax expenses effectively to maintain profitability.