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Copper Fox Metals Inc V.CUU

Alternate Symbol(s):  CPFXF

Copper Fox Metals Inc. is a Canadian resource company focused on copper exploration and development in Canada and the United States. The principal assets of the Company and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia and the 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. Its other projects include the Eaglehead Project, the Sombrero Butte Project, and the Mineral Mountain project. Eaglehead is an advanced exploration stage polymetallic porphyry copper project located about 50 kilometers (km) east of Dease Lake in the Liard Mining District, British Columbia, within Tahltan territory. Sombrero Butte is a Laramide age, exploration stage, porphyry copper project located in the Bunker Hill Mining District.


TSXV:CUU - Post by User

Bullboard Posts
Comment by Mrigson Jul 05, 2011 9:53am
433 Views
Post# 18795870

RE: RE: RE: I will trade my cuu shares for 1/10th

RE: RE: RE: I will trade my cuu shares for 1/10thGains from the sale of securities traded in the Mexico are tax free.



Income is attributed to Mexican tax residents (including resident foreigners) from “controlled” entities having more than 20% of their income represented by passive income (broadly defined) and taxed locally at a rate less than 75% of Mexico’s statutory rate. Mexico’s current statutory rate is 30%, thus providing for a 22.5% rate threshold. Reporting rules apply when the foreign entity is established in jurisdictions identified on a black list (see below under “Other features of CFC regime”).





Looks like Ernestos tax rate would be 7.5%. Anyone else confirm or have other information? With this info I would say he sells the company early in 2012, defers the taxes to be paid until 2013 and pays only 7.5% (75 million for 1 billion in income)


https://www.deloitte.com/assets/Dcom-Global/Local%20Assets/Documents/Tax/Intl%20Tax%20and%20Business%20Guides/matrix/dtt_tax_cfc_regimes_essentials.pdf

Bullboard Posts