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Thursday, January 29, 2004 6:44:37 PM
Additionally, if it gets brought into U.S., another 35% (?) gets taken in your taxes (I however do not know if that can be used against past loses of the company).
So, assuming an 'accumulated profit' of $4-million (end of 2002) in Bengladesn, if Matin want to import it in U.S, he has to spend 30% or $1.2-million in Bengladesh (that could be part of the justification for the recently announced LOI) or give it away to the local government (???) and of the $2.8-millions that would make it to U.S. 35% or $1-million would have to be handed to mr Bush. Matin would then only get in U.S. (1.8/4) 45% of the original amount.
I stand to be corrected but that how I understood what what explained to me.
Patiently,
Roger
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