Freeport-McMoRan (FCX)

[eddy2]

New sinario on how it works. The tax debt and the depreciation is spun out of the trading entity into another. Equity is exchanged between the two ie: accounts payable and receivables plus administration charges and goods and service tax’s.

Corporate tax’s must be paid or held back as debt on the books. This is all done too represent corporate debt owed to the government.

Because depreciated assets are passed on to the consumer of your product or service offering this sales and service tax has to be accounted for.

What becomes alarming is when the depreciated assets is written down by a return of tax’s paid. This return is a 10 % of the actual proceeds that were to be charged too the customer that the consumer market didn’t want to pay leaving a deficit too investors.


Of course there are other consideration when accessing this sad turn of events that we will discuss at a later date.

Don’t get spooked by the numbers but try to understand them.