Toubani Resources Ltd T.TRE

RE: TRE' tax

[whoa_rimcheese]

jameslast - you need to do more due diligence.

First and foremost - watch which line item you apply the tax rate to - there are other deductible expenses you have missed that would reduce the number you use...

Also, to encourage forestry, the tax rates are different than the standard corporate tax rate. China has done a number of things to encourage forestry development - special quotas for large commercial plantations, interest free loans/financing support, preferential levy/tax treatment, etc. Before drawing conclusions I suppose a person needs to know these things in detail - just doing a quick calc and concluding fraud is irresponsible.

And just a contemplation - if something so transparent as a tax rate could expose the fraud, wouldn't TRE ensure it accrued the appropriate tax rate - margins would still be healthy, and they could still grow like a weed. Heck, they could have the same margins as now, even while applying a higher tax rate - just fabricate more sales, right?