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Bruce_Mcdonalds

04/11/19 5:38 AM

#31606 RE: microcaps1 #31604

If $150,000,000+ in deductions were allowed for Zion Oil, wouldn't you think Givot Olam would get the same and have enough to pay 10s of millions to investors with plenty left over, rather than giving out zero dividends and having the company going broke in the process? All it takes is for you to read the Zion Oil 2015 annual report (pdf), searching with control-F with words like royalty, taxes, 44.56%, 25%, 12.5%, 6%, 1.5%, and read up on it to your hearts content. At best you get a reduction in the 44.56% rate down to 20% increasing for the first 30 or 40 million, that's about it for Israel and their tax deductions.
Why not look it up, the 2015 annual report is on Edgar?

Israel is not going to give anyone pumping oil in Israel a tax credit for 20 years of paying salaries to Texans in the USA, that's for sure.