Business Warrior Corp (BZWR)

[Edward]

A positive for the company. There Is no provision for income taxes even with over a million in net income.

The reason given is on pg 6 of the filing.

"Income Taxes—

The Company is not subject to income taxes. The Company may qualify as a passive foreign investment company (“PFIC”) under United States tax law."


Don't know why they are not subject to income taxes or may qualify as a passive foreign investment company (“PFIC”). They have a positive retained earnings. Is it because of the business they are in, software services??? Don't see why that would matter.

Undecided if i should e mail them to find out.


They do not meet the definition of a PFIC, However, that's what they published.