RE:GovernmentFlea, from my understanding there was initially a 1% tax places elsewhere on the industry that was removed. I am not sure if this 1% tax is going to be placed on us shareholders of not. If only 1%, that would not be bad. Also, I would be curious as to how the enfrocement on such laws would work from Ecuador. Would I have to file my taxes? Will EGX be sending them out names to send tax info out to? Also, do they recognize a TSFA? If I have my investments through my TSFA and I do not need to pay Capital gains tax, how can they tax me? I am sure this will all come out in the wash, like you said, when we get more info.
On another note. I do not think Lundin will be pulling out of Ecuador anytime soon. They bought from Kinross while this law was in the assembly. They must have known about it and waited until it was enacted to slide their NR out.