AXM Pharma Inc. (AXJ)

[AXMP]

2/3 tax policy in china

For any company like AXM, which is consider as foreign-invested company, there is a 2/3 tax policy in China. From the break-even year, they will be exempted from business income tax in the first two years, and pay tax half in the following three years.

I wish this is the reason why AXM performs so bad -- They don't want to break even until they can make BIG profit.