F
Flamy
Member
Hi, two questions on tax allowance in pricing for BLAGAB fund please, this comes from chapter 29. I am getting confused on tax...
For a proprietary,
1) in excess I situation. Do we net down both I and E at 20%, and the emerging profits is taxed at 4%?
2) in excess E situation. Do we use gross I and E, and the emerging profits less than the minimum profit is taxed at 24%, and above minimum profits taxed at 20%?
Thank you.
For a proprietary,
1) in excess I situation. Do we net down both I and E at 20%, and the emerging profits is taxed at 4%?
2) in excess E situation. Do we use gross I and E, and the emerging profits less than the minimum profit is taxed at 24%, and above minimum profits taxed at 20%?
Thank you.