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Biotech / Medical : Trinity Biotech (TRIBY)

TRIB 0.960

-4.0%

Dec 5 9:30 AM EST

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To: Ron Luhmann who wrote (7343)	11/4/1997 9:49:00 AM
From: Keiko	of 14328

Ron & Decci, Keiko reporting in from the " Rumor Control Center ". RE: Taxing the Celtic Tigers We should not be surprised that Dublin was selected as a most favorable enviroment for any business venture . the TAX benefits which Ireland now has in place falls under the the definition of " State Aid " to most industry. The EU has threatened to regulate such taxes at the national level and they have threateded to withdraw EU funding if Ireland does not mend it's ways- that is raise taxes. Many multi-nationals are pooring huge investments into Ireland just for this reason..( lucrative tax packages ) intel.ie Right now Ireland has a normal corporate tax rate of 38 %, but businesses are taxed as low as 10 %. ! The Fianna Fail Party , now in government, pledged a single low corporate tax rate of 10 % for all business by 2010 but this has become a very contentious issue politically.. As you are aware inaddition to favorable tax benefits the Irish Trade Board recently granted Trinity $ 600,000 and the present plans to modernize and move into larger modern facilities outside Dublin grant Trinity huge tax subsidies. Postcard from Nebraska.....Corn was 65% harvested until the snow hit......now the snow melt has kept the Combines out of the fields. Wild Turkey and Pheasant are plentiful. &&&&....Sincerely...KEIKO ps conference call this week ?

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