Re: Teck Tax Tips

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

walkingzombie

Rank: President [?]

Points: 2356 [?]

Votes: 75 Score: 3.4 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Teck Tax Tips

in response to

Teck Tax Tips

sharp662

posted on Dec 07, 2012 03:28PM

"...Wouldn't it make sense to buyout CUU prior to the end of the year? Rack up some 'expenses' so that their tax bill would be lighter..."

The acquisition of CUU, whether by cash or by share exchange, is a capital transaction and is not considered an expense. Apart from some minor incidental expenses related to the acquisition such as legal expenses etc., the buyout of CUU would not reduce TCK's tax bill. So for TCK, it matters not whether they buy it in 2012 or 2013. JMO

2 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply