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28/12/16
06:49
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Originally posted by shane.hardy
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They get the TAX credit from Australia they are DEVELOPING a third world Country they get tax concessions for that , they also get taxed on the NET profit to AVQ ..From...AVQKB and they pay their Taxes in the SI.the 20% to the landowners becomes a tax deductable
SMM do not own soley any Refineries in the Philippines that is currently operating....as my previous post states they are share holders in 3 refineries of which 2 are currently closed and the other will close.
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What? Where is that tax rule? Honestly, I have never heard of it. You produce the product in SI you pay the tax there and it's the first time I heard any JV get "tax credit".....
Last edited by
user23 :
28/12/16