What was the total amount of U.S. state taxes for Crowne Plaza in 2023?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current: | |||
| U.S. federal | $ 234,070 | $ 182,588 $ 141,335 | |
| U.S. state | 85,046 | 69,416 | 43,605 |
| Foreign taxes | 15,655 | 16,175 | 11,838 |
| Total current | 334,771 | 268,179 | 196,778 |
| Deferred | (75,356) | (32,613) | (27,204) |
| Total | $ 259,415 | $ 235,566 $ | 169,574 |
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to Crowne Plaza's 2025 Franchise Disclosure Document, the total amount of U.S. state taxes was $69,416 in 2023. This figure is part of a broader overview of the company's tax receipts, which also includes federal and foreign taxes. Reviewing these figures allows prospective franchisees to understand the scale of Crowne Plaza's tax obligations.
Understanding the tax structure is crucial for potential franchisees as it reflects the financial health and operational scope of Crowne Plaza. The FDD provides a three-year comparison, showing trends in tax payments over time. This historical data can be useful for forecasting future tax liabilities and assessing the stability of the franchise.
It is important to note that these figures represent the company's overall tax payments and may not directly correlate with the tax obligations of individual franchisees. However, they provide a general indication of the tax environment in which Crowne Plaza operates. Franchisees should consult with financial advisors to understand their specific tax responsibilities and how they might be affected by state and federal regulations.