Does your guy know the tax code and regulations in New Mexico?

Every province had its own market for agriculture.

Minus 500,000.

And of course the difference is the money that he had to spend on tax.

Before Interest and Taxes.

Are the profits exclusive of taxes?

The government started tax reform.

If our earnings are 350,000.

Then we wouldn't need to file all these tax returns and so on. We would be freed from all that.

Put a price on carbon.

This guy, he does have interest.

Net income plus interest. So they're adding back your interest.

Tax wise, it is an attractive arrangement.

The pressure for tax reform is growing.

The new tax system comes into effect next year.

He's got the drop on her.

Antiperspirant is useful.

The ruling party pushed its tax bill through.

The Brühl Terraces at the banks of the Elbe in Dresden (Germany).

So you take the interest out.

The people did not reach consensus on taxation.

They have no interest expense, because that's not the point of this video.

Honesty doesn't pay under the current tax system.

That's basically how this thing operates.

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

Our tax system is still without coherent philosophy.

I think you can get change.

And then, let's just say they're in the Caribbean and they don't have to pay taxes.

And now we are left with our we're getting close to where we need to get to pre tax income.

But just so you know what EBlT is, EBlT is just Earnings

Very prudent.

Taxes consist of direct taxes and indirect ones.

But if VAT is the only tax left, what happens to tax exemptions?

The company announced a profit of 200 million after tax.

No, that's right, the midsize is 255 plus tax.

That's the one advantage that older people have.

I take the paper... and I make it work.

When legislators and others think about economic development, what they first of all think about are business tax incentives, property tax abatements, job creation tax credits, you know, there are a million of these programs all over the place.

It starts with net income.

The general situation is advantageous to us.

I have an advantage over him.

Speak in my behalf.

All of which would be a prosecutorial bounty.

Circumstances are entirely favorable to us.

She has an advantage over me.