Replies to post #2803 on Viper Networks Inc (VPER)

[longvper]

Viper stated that their wireless division, which excludes BSNL, had recurring revenues of around $300,000.

http://www.reuters.com/article/2010/11/15/idUS138338+15-Nov-2010+BW20101115

I am stating that these "revenues" would not show up on a US profit and loss statement for tax purposes. The sales would show up in Bahrain and the profit (or loss) would be taxed in Bahrain. Assuming a profit, the after tax profit would only be taxed a second time in the US if it was repatriated.

The filings that Viper has shown recently do not show these sales. I do not know how international companies account for their subsidiaries in their filings, however I do know that they would not include the revenues and profits or losses on a US accounting for US tax purposes.

Perhaps somebody with an accounting background could explain where it would show up.