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Sulliden Gold Corporation Ltd T.SUE.WT

Metals & Mining Gold


TSX:SUE.WT - Post by User

Sulliden Gold Corporation Ltd > Peru
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Comment by play_n_layon Jun 06, 2011 10:52am
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Post# 18675322

RE: RE: RE: RE: RE: Peru

RE: RE: RE: RE: RE: PeruI have been doing alot of research on the brazilian taxation system for my day job and there taxes are very high!! You realize that when all is said and done Brazil's taxes are the highest of the G20, roughlty 52% corporate tax!! On paper it doesnt look that high, but there are taxes upon taxes upon taxes...and taxes on revenue...not just profit.

That being said when an economy is hot it is hot. And tons of money is getting dumped into brazil. SUE will still be a valuable property but higher taxes defintiley will impact the feasabiltiy study and reduce profitability. Lets see how that plays in.

Disclosure: I have a small position in AVR, and am looking to accumulate more at the right price :) ...not sure what that is just yet.
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