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Technology Stocks : Elamex(ELAMF)

ELAMF 2.150

-15.7%

Mar 7 3:00 PM EST

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To: kolo55 who wrote (228)	10/28/1998 12:15:00 AM
From: Ron Bower	Read Replies (1) of 276

Paul, It's there. 1.429M income taxes on 2.160M earnings. At 28% would be around 21 cents as you stated. Unique situation. Mexico taxes cash in bank and a 65% tax rate. Even Japan's high corporate taxes don't have anything like this. This is the most distructive taxation I've seen. You want a company to keep monies in $US and they get penalized for doing it. Lose/lose. Could make future earnings higher if peso gains against the $US. FWIW, ROn

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