F
Flamy
Member
I am struggling to understand "for a mutual, as there are no s/h, the technical account results is zero". What is the cause and effect between "no s/h" and "technical account is zero"?
Also because technical account is zero, there is no profit, does this mean there is no tax on long term business? How does minimum profit tax come into play in this?
Thanks very much.
Also because technical account is zero, there is no profit, does this mean there is no tax on long term business? How does minimum profit tax come into play in this?
Thanks very much.