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Philip ( what you can learn from RJ MITTE )
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Posted by Philip ( what you can learn from RJ MITTE ) > 2020-04-10 15:18 | Report Abuse
MIDA grant of 100 million for inari to build new factory, 7 million for R&D grant.
INARI pays 11% income tax thanks to short term incentives.
Vitrox pays 3% income tax thanks to short term incentives.
What do you think their profit margins will be when income tax incentives end, and those companies have to start standing in their own two feet and compete internationally and fairly?
Do you think they will be able to raise their prices to maintain profit margins and still be competitive in the international markets?
MIDA incentives don't last forever.