Recent

% | $
Quotes you view appear here for quick access.

PostNL N.V. Message Board

  • barrybozinsky barrybozinsky Dec 9, 2004 3:54 PM Flag

    PE below 3

    ..and there are people who sell this stock!!??

    Unbelievable

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • >>>>>
      I have been to the Tatneft web site and also to the Tartastan web site and I still cant figure out who actually determines the tax rate and who Tatneft pays taxes to.

      Tartastan says they are an "indepenedent republic". What does that mean? They also have ties to Russia by treaty. What does that really mean?

      I would still like to find out what the relationship is between Russia and Tartastan
      Is the relationship more like that of a state (like New York) to the United States? Or is the Republic of Tartastan an independent country just like Poland or Turkey is? <<<<<<

      a dozen years ago when the USSR split up, many provinces in Russia, including the one surrounding the city of Moscow declared independence. After everyone had a good laugh they muddled along except for the Chechens who are 500 miles away from Tartarstan and decided to fight. Tartarstan IS PART OF THE RUSSIAN FEDERATION, just like Moscow.
      As for taxes, in the USA you pay 30 taxes on a loaf of bread, there are multiple taxes on oil in Russia. Tatarstan gets some, and when oil is EXPORTED, the Federal government adds on a slice.
      The "TREATY" is some legislation the Russian parliament passed which is more or less like a constitution, except it's not complete and not every politician in Russia accepts it as the last word.
      The government in Russia is a work in progress and more still needs to be done.
      Considering that:
      1. the communists were kicked out
      2. Russia is moving from a command to a market economy and
      3. The Imperial Russian empire that was built over the last 400 years all collapsed at the same time, I'd say they are doing better than expected.
      If you have a yellow streak up your back, invest your money elsewhere.

    • further... as part of the old soviet union, kazakhstan's economy was highly dependent on soviet planning. this legacy is still somewhat evident. kazakh govt., though independent, remains very close to russian federation (i believe kazakh oil pipelines still belong to russian govt., just as a no.of major military installations, etc.). btm line: for now, they're perhaps best considered an ex-colony.

    • The relation between Russia Federation and Kazakhstan is like U.S. and Canada: They are not related, except they have common border and were members of the old Soviet Union.

    • Here is a list from the Republic of Russia web site of what makes up Russia.

      Regional Institutions:

      Altai Republic
      Arkhangelsk Region
      Astrakhan Region
      Republic of Bashkortostan
      Bryansk Region
      Republic of Buryatia
      Chelyabinsk Region
      Chuvash Republic
      Republic of Ingushetia
      vanovo Region
      Jewish Autonomous Region
      Kaliningrad Region
      Republic of Karelia
      Kemerovo Region
      Khabarovsk Territory
      Republic of Khakasia
      Khanty-Mansiysk Autonomous District
      Republic of Komi
      Krasnoyarsk Territory
      Leningrad Region
      Lipetsk Region
      Republic of Mari El
      Republic of Mordovia
      Federal City of Moscow
      Nizhny Novgorod Region
      Novgorod Region
      Orenburg Region
      Perm Region
      Ryazan Region
      Sakhalin Region
      Samara Region
      Saratov Region
      Federal City of St. Petersburg
      Sverdlovsk Region
      Regional Administration
      Business Assistance Centre
      Republic of Tatarstan
      Republic of Tuva
      Udmurt Republic
      Vologda Region
      Yamalo-Nenetsky Autonomous District
      Yaroslavl Region

      So the next question is about Petro kazakhstan (PKZ) which operates out of Kazakhstan. Is the Republic of Kazakhastan an independent country or a republic of Russia? It is not on the Russian list.

    • If that is the case then Tatneft is subject to Russian taxation and does business in Russian currency and I guess could be subject to any thing Putin wants to do.

    • The treaty connecting Tartastan to Russia is like the connecting bonding Texas to the USA.

    • A "republic" is one step lower than a "Federation". Russia is a Federation, not a republic. Russia is consisted of many 'republics'.

    • Tatarstan to Russia is like Texas to USA.

    • I am confused also.

      Some things you read make it look like Tatarstan is an independent country.
      Others make is seem like it is part of Russia.

      I have been to the Tatneft web site and also to the Tartastan web site and I still cant figure out who actually determines the tax rate and who Tatneft pays taxes to.

      Tartastan says they are an "indepenedent republic". What does that mean? They also have ties to Russia by treaty. What does that really mean?

      I would still like to find out what the relationship is between Russia and Tartastan
      Is the relationship more like that of a state (like New York) to the United States? Or is the Republic of Tartastan an independent country just like Poland or Turkey is?

    • >>>tatneft pays taxes to Tartastan and not Russia.<<<

      Would you clarify the tax situation for me? I thought some one recently posted an article here indicating that TNT was being audited for possibly underpaying their prior year taxes. This audit was in conjunction with several other companies. The potential liability was expected to be moderate. Which government were those retro taxes owed to, Tartastan or Russia? Also, I thought Russia was getting 90% to 95% excise tax on the price of crude above $25 per barrel. Is that right or is that excise tax going to Tartastan?

      It should be apparent by now, I'm confused. A little help from those who know would be appreciated.

    • View More Messages