Originally posted by robbobrob
Do you have reference to say that MYQ submitted their R&D claims incorrectly? Everything is hypothetical. And to choose a line from you 'if you read' my point above, you would see that there is a clear word used, 'if', which means 'on condition that'. And of course it's essential they release an announcement had they been audited, that's just common sense and an irrelevant point.
It's only a problem '
IF' the R&D claims were submitted incorrectly, so therefore the problem only applies to those companies. Much like the whole tax system in Australia, many bend the rules to garner the best return, you only have to look at Google, Apple, IBM, Facebook, PayPal to name a few.
Neither of us have any proof their R&D claims are legit or not, you can hope for the best but as long as the company didn't come out and say they are fine, you can keep holding your shares when smart money sells.
If you recall, it was just a short while ago when they issued a paid report (that didn't disclose it was paid for) and then had to retract it. This sounds pretty dishonest and if they did this what stops them from not "properly" claiming R&D? So the burden of proof is on the board, not on shareholders.
I don't know what the Australian tax system has anything to do with this, but if you are justifying scamming the R&D system because Apple doesnt pay tax then good luck.
xo