Hotfire,If we end up with 10%-12% more then it is not that bad...

Hotfire,

If we end up with 10%-12% more then it is not that bad and DF has stated before that AGO is able to pay some higher taxes.

That this tax review is so unclear is typical of politicians. This will now be used to negotiate the final deal, provide exemptions etc.

This is a "super tax" so one would expect that it is not applied on all profits but in "super" profits. This will need to be defined and agreed and possibly we will then get down to the extra 10-12% that we are talking about.

Do you understand what tax shelter the AGO losses will provide? Are losses from WRK and AXO also available?

Also once this tax is introduced (hopefully never) I would be expecting that AGO introduces more debt to its capital structure as this should be tax deductible.

BR
Max