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Could someone explain me Burung Co annual tax relief calculation:
($42,970,000*60*0.015*20%)+($42,970,000*40%*0.04*20%)=77.35+137.50=214.85.
I am not sure where 0.015 and 0.04 came from ? If someone could help me would be great.Many thanks,
0.015 = 1.5% this being the subsidised rate (2.5%-1.0%)
0.04 = 4% this being burungs normal borrowing rate
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