OTCPK:CTNXF - Post by User
Comment by
jonesrjon Dec 27, 2007 2:00am
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Post# 14123880
RE: Some Clarification on Tax
RE: Some Clarification on TaxI found the following very interesting
“ART 171 . . . The base price will be adjusted according to the variation of the Consumer
Price Index of the United States of America, published by the Ecuadorian Central Bank.”
I would hypothesize that if the price of gold were to double, then the price index in the USA would also tend to double.
To me, the implication is that there would be NO windfall profits’ tax in this scenario.
Is this whole thing a paper tiger? Perhaps we cannot get screwed.
At worst one could keep the produced gold bars off the market until the USA inflation rate brings our windfall tax down toward zero.
RJ