RE:RE:RE:Wow...I missed this in the report...."
As a reminder, all FCF from the Corrib acquisition accrues to Vermilion as at January 1, 2022 and will be netted off the final purchase price at the time of closing, which we now expect to occur in Q1 2023 due to administrative delays." Like this isn't being done to push that "windfall" into the next tax year. LOL @ "admistrative delays"
Like I said: Sharp pencils.
GLTA
Quintessential1 wrote: Yeah I hate to say it but a little forewarning like the one Canadian Federal government gave on the 2% buyback tax could have resulted in investment in lieu of dividends and buybacks and I am sure that is what VET's management is trying to explain to the EU now.
Hopefully it is not falling on deaf ears especially in Ireland. All we really need is the Irish to let VET front load next years investments this year. I'm not even sure if they have to negotiate that. Isn't it already allowed under current tax laws?
If so increase production in EU and use NA funds to pay down debt or buybacks until 2024. From what I have been a lot of the debt is longterm and doesn't need to be touched until 2025 so rock the buybacks until 2024 while they are untaxed. They can still pay divs out of NA funds.
The sharp pencils at VET will figure out the best play as it looks like they are already working on it.
GLTA
Chandler97 wrote: Are govements completely retarded? This is pure insanity.
Where is the incentive to produce more, if it's just going to be taxed into smitherenes. Less production, even higher prices.
F the EU. I didn't know that tax had actually been finalized. I thought it was still just a 'consideration'.