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Enron Mail |
FYI/action
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/15/2000 04:00 PM --------------------------- Rob Milnthorp 11/13/2000 08:55 AM To: David W Delainey/HOU/ECT@ECT cc: John J Lavorato/Corp/Enron@Enron Subject: Canadian Tax Mitigation Dave, we have come up with a structure that creates approx a C$45MM tax loss to offset our year-end projected C$50MM Taxable Income position. By doing this, we avoid cutting the government a cheque for roughly C$20MM. It seems to me that we should be able to recognize that $20MM as gross margin. We are meeting with Wes on Tuesday to discuss further but I thought that I should keep you in the loop as it is a significant transaction that you may want on your radar screen for your discussions with Wes. Regards Milnthorp
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