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Qiao Xing Universal Resources, Inc. Message Board

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  • mmmparsley mmmparsley Nov 27, 2006 4:18 PM Flag

    HARD DATA on XING for the LT holder.

    This is an ADR, not a Chinese Company doing business primarily in the US. Just because it trades on the Nasdaq doesn't mean it is subject to those tax guidelines. In fact, none of the ADR's pay over 15 percent in tax (at least as shown in the paid taxes line item).

    Most ADR's seem to pay around 5-10%. Time to readjust those figures.