Turtlefoam -- taxes
in response to
by
posted on
Nov 26, 2008 05:16AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Under the MOA we pay 3% plus 3% (if gold over 450) of our gross revenues.
Then we pay corporate income taxes on our net income, and I believe that the current rate is 34% (fairly standard rate). We, of course, have large loss carryforwards for all of our social spending so our effective tax rate will be lower for a while.
Everyone have a great Thanksgiving!