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tr8dervic

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tr8dervic

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Re: retEE post# 13599

Tuesday, 07/11/2006 9:11:29 PM

Tuesday, July 11, 2006 9:11:29 PM

Post# of 115222
It's not a debt. It's the offsetting entry because technically Russia owns all assets in the ground.

The deal is...anyone that mines those assets pays a 3% royalty of the gross revenue and keeps the rest. Normal income tax on the profits beyond that.

Way better than the current oil structure there. No windfall profit tax on gold.
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