Dasa,
OZL had a tax loss of about $2.3B due to asset writedowns in the Dec half year. Until this is used up in offsets against profits, no franking credits are given.
IMO, the 3 years is conservative, I expect the tax loss offsets to be around for between 5 and 10 years (I am not a tax accountant, so I could be wrong)
IMO, a share buy back is much more tax effective.
HT1
oz ready to mine its future , page-15
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)