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hi John,
I am struggling with a fundamental concept here.
When we calculate the financing side effects. we use the tax rate in Gamala(20%) to calculate the tax saving. I know we are borrowing in Gamala and there the tax rate is 20%, but why dont we use the tax rate in the UK(30%). because ultimately when the funds will be remitted back to UK, the tax saving will be on tramont’s income statement in the Uk?
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