OTCPK:MAUXF - Post by User
Comment by
Fernando2010on Nov 25, 2013 9:15am
218 Views
Post# 21937477
RE:RE:For Dr Airtime: taxes in 2014
RE:RE:For Dr Airtime: taxes in 2014
Zeus: see note 22 of financial statements for 2012:
"For the year ended December 31, 2012 the Company recorded $10.6 million of tax benefit contributions. This represents the Company’s costs relating to the tax incentives granted to Mart’s co-venturers with respect to the petroleum operation at the Umusadege field. The payment of the tax benefit contributions will cease upon the expiry of the tax incentives period in 2014."
If we had to pay a "tax benefit contribution" for the "tax incentives granted to Mart´s co-venturers", we will likely be asked next year to pay a similar "contribution" for taking advantage of their tax losses.
I simply couldn´t believe that our partners are going to let us benefit for the use of their "tax losses" for free.
Just my oppinion
Fernando