GT Advanced Technologies Inc fka GTAT

[Netsurfer]

HK was set up as a tax haven and it was the topic of a lot of traffic here associated with the intercompany agreements...as they related to the sale of MESA units via the HK office.

I never understood the convoluted corporate structure in any case.
I mean both the tax structure and the intercompany agreements....they may have been related.

HK probably exists as a paper entity but no longer meets the China and / or US tax acid test so the US rate of 35% or so would take precedence over the China rate of 8% +/-.

Would be nice to know how these tax implications are factored into the P&L forecasts. 35% vs 8% is real $ !!!