if you lot think galaxy are paying that full amount of tax you need to stick to the bond market... ljcamp said.
And then we read this statement in POSCO transaction tax analysis.
“Galaxy is currently exploring the opportunities of a potential refund of turnover taxes paid and rollover relief on corporate tax payable”...
We don’t know what the nature of these opportunities may be, however, it is reasonable to presume that management would be fully investigating their recourse, in regard to a potential percentage return on the monies already paid, and due to be paid.
The potential is there; with an experienced and skilled team of finance strategists, legal eagles, accountants etc, that the tax liabilities could be lessened to fair and equitable levels.
We’ll look forward to reading more about these arrangements in future announcements.
If a management team can manage this much; Galaxy management certainly can...
GXY Price at posting:
$2.17 Sentiment: Buy Disclosure: Held
