Replies to post #43700 on Mexus Gold US (MXSG)

[8thaero]

T-Hawk Tuesday, 01/11/22 02:17:36 PM
Re: 8thaero post# 43697 0
Post #
43700
of 43719 Go
Well that would be the dumb way for Mexus to elect to calcualte/pay cross border and import taxes.

According the assays of thier first shipment they were supposed to have over 4000 grams Au equivalent (128 oz). It ended up only having 76.5 oz of sellable gold. In this example Mexus would have paid taxes on over 128 oz of gold. When all that ended up being smelted was 76.5 oz.

Why would a company choose to pay taxes on more gold than was actually recovered/sold?

Quote:
There are taxes to be paid on US imports and US cross border shipment assays are one measure with which they are determined."

Now our wonderous advisor says to NOT pay US customs duty based on an approved intl assay lab. Means Mexus can't ship carbon to US refinery. Has achieved fondest wish to see corp bankrupt long last.

But wait! Hold them abacui!!! Latest 500 year old development is double entry book keep!! Thank you Fra Luca Pacioli. Any over pay gets removed based on the final measure, payment for actual refined gold.

https://www.bing.com/search?q=double+entry+bookkeeping+invented+-+bing&form=ANNTH1&refig=fc9e098c4045476d87a85794201c6d51&sp=1&qs=HS&pq=double&sk=PRES1&sc=8-6&cvid=fc9e098c4045476d87a85794201c6d51

8thaero Tuesday, 01/11/22 01:40:28 PM
Re: T-Hawk post# 43672 0
Post #
43697
of 43722 Go
For any confused total novices to US Corp international mining? There are taxes to be paid on US imports and US cross border shipment assays are one measure with which they are determined. But we DO understand the total lack of experience in a VERY big factor in mining since US parent corps allowed Mexico ownership during the 90s GHW Bush admin. I does take time to sink in but 30 years plus? How can any think to so invest or advise... Golly gee!