We've had a few requests to publish the actual tax stabilization agreement discussed in a posting earlier in the day. Here's the agreement.
We've had a few requests to publish the actual tax stabilization agreement discussed in a posting earlier in the day. Here's the agreement.
I hope the translation of this agreement in the earlier posted article is accurate because this original document is at best recondite to an un-lawyer like me.
ReplyDeletePlease help me understand this. I got the impression from the article that though they sold bonds to raise 730 million dollars to build the plant, they will be taxed for the next 25 years as if the plant were worth 100 million dollars.
ReplyDeleteIs it possible for the plant to cost more to build than it is worth?
ReplyDeleteAnybody who has built a house in the last two or three years knows it is not only possible but more likely probable.
ReplyDeleteHow would that house be assessed?
ReplyDelete