Ingram micro make 2.75% profit on average. They are better declaring a small loss than a profit as there is zero tax on a "loss". The loss is just offshoring through making difference in stock transfers or adding markup to related party transactions. It must be legal for them to do it but by crap is it dodgy as hell. Someone should write an article in cuff links or similar pointing out how the tax payer is getting screwed by this stuff. Completely unreasonable that tax payers are paying more tax to subsidise weeds like this. There needs to be major tax reform as it means dicker data receives 30% less margin just because they are Australian owned and operated.
DDR Price at posting:
$1.60 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)