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Carbon Streaming Corp N.NETZ

Alternate Symbol(s):  N.NETZ.W.B | N.NETZ.WT | CBNWF | OFSTF

Carbon Streaming Corp is a Canada-based investment vehicle company. The company is focused on acquiring, managing, and growing a portfolio of investments in projects and/or companies that generate or are involved with voluntary and/or compliance carbon credits. It offers investors exposure to carbon credits, which is an instrument used by both governments and corporations to reach their carbon neutral and net-zero climate goals.


NEO:NETZ - Post by User

Post by BobL48on Nov 19, 2021 8:39pm
484 Views
Post# 34148595

US PCIF Tax Status

US PCIF Tax StatusI'm new to the board and am wondering if there's been previious discussion as to what US tax filers think about the PFIC status of NETZ.  On the company's website they take what's becoming a common exit out the backdoor by many non-US domiciled companies saying they don't know and don't intend to find out whether or not the IRS will consider it a PFIC.  At least many companies that put the disclaimer on their websites provide the necessary numbers to investors should anyone of them want to file the paperwork.  NETZ says, "U.S. shareholders should be aware that there are no assurances that Carbon Streaming will provide a PFIC Annual Information Statement for its current taxable year or future taxable years," which is less than helpful.  I've been caught in a PFIC trap once and, once burned, twice shy, as they say.
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