Progress summary, page-8

Mike,

I don't have a definitive answer for the current situation. Perhaps understandably, the company has tended to be a little coy regarding the tax incentives linked to their inward investment.

Back in 2009, Roy Daniel commented to me that they had a holiday from corporation tax for 6 years based on the expansion that was underway at that time. So, on that basis, that would expire at the end of FY15. However, it is probable that a fresh incentive was provided for this recent expansion, albeit it may only relate to increased production beyond 100koz per annum.

It would be well worth trying to get an answer directly from GD as to the situation going forward.
CPDLC