Freeport-McMoRan (FCX)

[eddy2]

Your equation there bud is so wrong on so many levels. First of all the tax’s owed has taken in to account the goods and service tax paid for consumables as well capital invested. Your share holders deficit has nothing what so ever to do with the goods and service tax paid or other wise.

Let’s look at the dreaded credit issued out to the customer. When a contract is established with a customer for a goods and services to be rendered it is customary that all consumable cost are paid up front. This is a liability as well the goods and service tax paid up front by the customer. Those goods and service tax’s are deductible by charging back to the customer that charge. Now as mentioned before it is only the profits not the total revenue that is submitted. The rest goes back to the investor who is partnered with the institution. The institution “ government controlled equity entity (GCEE) “. Look up GCEE abrieviated meaning at your local education library institution. The previous mentioned info will not be found on line.

I hope this clears up any concerns people may have as to how it all works.