QHL 2.38% 21.5¢ quickstep holdings limited

Ann: Quickstep March 2019 Appendix 4C & Quarterly Report, page-47

  1. 1,402 Posts.
    lightbulb Created with Sketch. 70
    @ztankosi -- Queensland was the undoing for ALP. Guess there will be a secure government over the coming term (LNP). It was a stitch-up. They just want to pass through the $77 Billion tax cuts for higher incomes and business tax reduction. If QHL does hit profit and builds it over the coming years, this is great timing. I could feel it coming as the U.S. passed their concessions under Trump -- and the U.K. effective tax rate is lower LOL:
    https://www.bbc.com/news/world-43790895

    US tax cuts: Are they the biggest in American history?

    • 17 April 2018

    Claim: President Donald Trump has said that the recently passed Republican tax reform legislation is the "biggest tax cut in US history".

    Verdict: It is not the biggest tax cut in US history, measured as either a percentage of US GDP or in absolute terms. It is however, the biggest corporate tax cut in US history.

    So how much will corporations save?

    The key thing to remember here is that very few US corporations actually paid the headline federal corporate tax rate of 35%.

    Many US companies take advantage of various loopholes - like being able to deduct the interest they paid on loans - to lower their overall tax bill.


    The US Treasury has said that the effective corporate tax rate was 22% in 2016. This average ignores the very real differences in taxes paid by companies - which is dependent on the sector in which they operate.


    But a recent analysis from Bank of America Merrill Lynch found that the average US company listed on the S&P 500 index had a tax rate of just 19.3% last year.

    And the number is even smaller for US technology firms, which had an average tax rate of just 16.9%.

    Technology firms can often take advantage of the fact that much of the US tax code was written to tax traditional manufacturing companies with physical assets. This allows them to often shift their profits to areas with lower taxes - like countries with lower corporate tax rates.

    US corporations currently have an estimated $1.2 trillion (£838bn) in earnings that are kept overseas - $710bn (£496bn) of which belongs just to companies in the tech sector.

    None of those profits is taxed at the US corporate tax rate until those companies decide to "repatriate" those profits and bring them back into the United States.

    ========================================================================================================

    Take from it what you will. But, my guess is that like they blocked the Carbon Tax... The LNP mainly wanted to get in this time to do this manipulation. GLTAH

    Last edited by andy_verce: 19/05/19
 
watchlist Created with Sketch. Add QHL (ASX) to my watchlist
(20min delay)
Last
21.5¢
Change
0.005(2.38%)
Mkt cap ! $15.42M
Open High Low Value Volume
21.0¢ 23.0¢ 21.0¢ $16.54K 74.60K

Buyers (Bids)

No. Vol. Price($)
4 36314 21.0¢
 

Sellers (Offers)

Price($) Vol. No.
23.0¢ 55 1
View Market Depth
Last trade - 15.07pm 29/03/2024 (20 minute delay) ?
Last
21.0¢
  Change
0.005 ( 0.00 %)
Open High Low Volume
21.0¢ 23.0¢ 21.0¢ 36842
Last updated 15.33pm 29/03/2024 ?
QHL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.