Originally posted by ljcamp
Galaxy is currently exploring the opportunities of a potential refund of turnover taxes paid and rollover relief on corporate taxpayable.
Galaxy have major tax credits carried forward. Special dividend will be paid off the back of this.
But hey you already know this that's why you are back in here trying to create fear to cover and/or accumulate.
Actually, that is a VERY good point...special divs are seeming quite likely considering the tax offset capability here.
Time will tell.
Also management have mentioned a number of times the 30% tax rate. It was in 2 seperate conference calls as well.
And remember the 30% tax is subject to them finding something to offset against or leverage previous tax losses.
The report was very very good IMO.