Re: Turtlefoam -- taxes - 34% to Venezuela?
posted on
Nov 26, 2008 11:07AM
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
I think the 3-6% royalty is the reason no permit has been granted. If you owned all the gold and hired a laborer to supply his equipment and some expert personnel would you give him 94-96 % of the refined gold? I think Chavez would have second thoughts about that deal and would go for someone who would offer a 49-51 % split. I would be a lot easier to sell to the legislature and populace in general. What do you think?