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ozzfan1317
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I am a 25 yr old self educated investor in Stocks including fundamental analysis and options. I am a US Navy Veteran who runs his own own consulting firm. I also am also a marketing and Real Estate consultant.
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Small Business Insights
  • The Real Truth About Ebix's Tax Situation 0 comments
    Mar 28, 2011 3:31 PM | about stocks: EBIX

    The Company’s consolidated effective tax rate is reduced because of the blend of reduced tax rates in foreign
    jurisdictions where a significant portion of our income resides. Furthermore, the Company’s world-wide product
    development operations and intellectual property ownership has been centralized into our India and Singapore
    subsidiaries, respectively. Our operations in India benefit from a tax holiday which will continue thru 2015; as such
    local India taxable income, other than passive interest and rental income, is not taxed. After the tax holiday expires
    taxable income generated by our India operations will be taxed at 50% of the normal 33.99% corporate tax rate for a
    period of five years. This tax holiday had the effect of reducing tax expense by $11.5 million.

     

    The Above is from the company's 10k you see if make believe research companies read these things instead of writing anonymous blogs our time would be alot less wasted.

    Basically until 2015 they  have a tax holiday on foreign income and then they will pay a more normal rate on it. Also they have Tax loss carry overs which will last another year or so.

    Furthermore the other statements said blog made were about situations at least 4 to 5 years ago.

    If you read the blog on seeking Alpha it was nothing more than a short sellers desperation post disguised as research.

    Stocks: EBIX
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  • My Top two holdings, Ebix and MCF went up on a down day I love it when this happens :) These companies Are so undervalued.
    May 14, 2012
  • Dear Yahoo Finance Message Board posters I am not Copperfields brother please learn the meaning of satire..lol
    May 11, 2011
  • Investing By Wali: Is it Time to Sell Coca-Cola? http://bit.ly/lZNBGJ $KO $PEP To quote Buffett some companies you can hold forever.
    Apr 27, 2011
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