EnviroTechnologies International Inc. (ETII)

[punk153]

I think it is more likely that a PR about a pending merger/IPO will come out before the pinksheet update. It is more probable for HNSS management to update investors prior to the pinksheet update so they understand why the update is necessary and why so much information about 'xyz' is contained in the update.

This may also be another reason why Mr. Black didn't give a specific timeline other than during the 2nd quarter of 2011. Mr. Black always announces the completion of a company objective after it has already happened and sometimes gives advanced notice that such an objective exists.

Germany is the ultimate company objective in my mind. The taxation of German corporations is much more business friendly than that of the United States where companies are taxed 40%+ of profits when state and local taxes are included with the federal tax. There is a reason so many companies are moving off shore and Mr. Black should understand HNSS's taxable income more than anyone.

Here are some excerpts from wikipedia about Germany's taxation:

So even if Germany is a federal state, 95% of all taxes are imposed on a federal level. The income of these taxes is allocated by the federation and the states.

Most of the revenue is earned by income tax and VAT. The revenues of these taxes are distributed between the federation and the states by quota. The municipalities receive a part of the income of the states. In addition, there is compensation between rich and poor states

Germany has reached tax treaties with about 90 countries to avoid double taxation. These agreements fall under public international law and aim to avoid that one taxpayer is charged similar taxes more than once on the same income for the same period. The basic structure of the double taxation agreements which Germany has signed follows the "Model Tax Convention" drawn up by the OECD.

Corporations domiciled or managed in Germany are deemed to have full corporation tax liability. This means that their domestic and foreign earnings are all taxable in Germany.

http://en.wikipedia.org/wiki/Taxation_in_Germany

In addition to regular tax, there is a municipal trade tax of 14%-17% that is imposed by the municipality.


The standard rate of Germany corporate tax in 2011 is 15%. There is a reduced rate for part of a corporation's income.

An additional tax has been imposed to help the merger of the two Germanys. This is "solidarity tax" which is 5.5% of the normal rate payable. The tax is levied on corporations and individuals, subject to the conditions specified in the law.

In 2011 the effective corporate tax rate, including trade tax and solidarity tax is about 30%-33%.

http://www.worldwide-tax.com/germany/germany_tax.asp

Would a company rather trade in a currency that continues to fall because of its pending insolvency while paying 45% in taxes or would they rather be part of a country that has one of the strongest economies whose corporate tax rate is 15% less?

Also note this specific quote:

"Corporations domiciled or managed in Germany are deemed to have full corporation tax liability. This means that their domestic and foreign earnings are all taxable in Germany."

This is basically stating that if HNSS were to move their headquarters to Germany, then their United States business would be taxed in Germany and at their corporate tax rate.

It only makes sense that HNSS would be eager to move their business to a German location. I strongly believe that Germany will separate itself from the Euro in the next 5 years. Germany will have one of the strongest world currencies if this happens and if they keep their corporate and political structure in check.

Here is a nice litte CNBC article that got me going about Germany today:

http://www.cnbc.com/id/42493248

IMO