As I understand it the WPT will be a deduction from the corporate income tax computation....but the WPT will be right off the top and payable no matter if the company makes money or not....
Everything I read has pointed towards what I have used...I might be missing something but I think they really haven't come out with just how the WPT will be calculated...
There has kind of been an assumption that the WPT is just a "claen profit" number that drops to the bottom line..in reality it is not...there are still incremental costs that have not been addressed in anything I have read...
In other words if gold goes from 850 to 950 ...the $ 100 is not all profit...everything I have read in the last several weeks kind of assumes that it is all profit...there are additional costs that appear and should be applied against the "extra $100"...
I think a definition of what the Windfall Profit is will at some point have to be addressed...
Just my opinion