RE:RE:RE:RE:Raising Bank’s Tax from 15% to 18% for Earning More than $1BI am pretty sure he was refering to you.
"Corporations do not pay taxes" versus "taxes are an expense line on the income statement"
How can they not pay taxes if they are a line on their income statement?
You, like many others here, do not know a thing about me.
I tendered my IPL shares for BIPC shares and cash ( hopefully mostly BIPC shares) last week. Their obtaining 65% put the writing on the wall. It is still the best deal offered.
Oh yeah, Go Enbridge! ;-)
youknowwhat wrote: No Quinty when you have your accountant do the Corps taxes even though the taxes show as an expense they do not show on the tax return as a deduction.
Our accountants have been doing our books for 30 plus years and that is how they do them. If you think about it tax is an expense for the business but not a tax deductible one. So I assume Mark Twain may have been referring to someone else ... lol. I can understand that someone who does not own a small business might get the wrong impression from my statement.
Cheers, have you decided what you are doing with your IPL shares yet?