RE:RE:RE:GBP / USD Forecasts Slashed by Credit SuisseLet's keep in mind that they were originally planning to decrease the corporate income tax rate from 20% to 17% by the year 2020. Please correct me if I'm wrong, but I don't believe a time frame has been given to this pledge of decreasing it to 15%. Therefore I'm assuming it's still going to be over the same time frame? Or in other words, approx a 1%-1.5% point decrease per year or so over the next 4 years?
Lattice wrote: regardless wrote: you can look at two things here...
1{..amco profits will be alot higher now that they are saving 5% on thir taxes in the u.k
2{..you now have 5% more money to pay down debt than you did before, no matter what the scenario is...the money they save in taxes can easily just go towards the amco aquisition...pretty simple ....and should be good for us going forward
Why do you think Concordia pays corporate taxes in the UK?