RE:RE:1.1 billion tax poolI don't understand this, so could you please clarify?
Correct me if I'm wrong, but in my understanding, a tax pool reduces future tax obligations when a profit is actually made by the company. The fact that there is a glut of tax pools in the industry makes no difference and has no relevance. To me it just shows how poorly the industry has done over the past 8 years or so. It's not like it's a competitive situation - you are simply reducing the future amount you give the government in taxes.
I would appreciate a clarification of this comment please....