VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: mooter775 who wrote (1250)	11/3/1997 10:54:00 PM
From: I. N. Vester	Read Replies (1) of 27311

Please help me understand the taxes! VLNC is a US based company. They manufacture batteries in Ireland which are ultimately shipped to the USA and other countries. Does the fact that their manufacturing operations are in Ireland free them from US corp income taxes on the sales revenue? How about the Hanil joint venture? Are VLNC's share of the profits subject to Korean taxes, US taxes, neither or both? You don't have to explain foreign tax credits, I've been thru that on my own returns (YEACH!). But that only gave me a credit for my foreign investment earnings - I was still liable for US taxes I just got credit for the overseas taxes I had paid. I work for a multinational, but as a s/w engineer - i have no idea how the taxes on corporate profits are paid!

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