During Wednesday’s Current trade, Shares of Silver Wheaton Corp. (USA) (NYSE:SLW), lost -0.19% to $15.42, after the Canadian mining company received a Canada Revenue Agency (CRA) proposal letter to reassess the company’s tax burden.
The Canadian tax agency said that the company’s streaming income earned in foreign units is subject to being taxed and represents an additional taxable income of about $565 million for the years between 2005 and 2010, according to Reuters.
The company said that it does not have to pay the extra taxes up front and that it will appeal the CRA’s decision.
Silver Wheaton said that it would be liable for about $150 million in extra tax charges if its foreign income was taxed at the same rate as its Canadian income and that the CRA is also looking to levy a C$72 million fine against the company.
Silver Wheaton Corp. operates as a precious metals streaming company worldwide. The company has 18 long-term purchase agreements and 1 early deposit long-term purchase agreement associated with silver and gold regarding27 various mining assets.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU), declined -1.02% to $20.80, during its current trading session.
JetBlue Airways Corporation (JBLU), award-winning Soar with Reading® program is taking off for the fifth successive summer, placing age appropriate books into the hands of children in need. Encouraging imaginations to take flight through reading, this year’s initiative comprises an online #BookBattle which encourages the public to join in the fun at www.SoarwithReading.com and pick which community should receive 100,000 new children’s books.
In honor of the fifth anniversary of the Soar with Reading summer reading initiative JetBlue has selected five cities to battle for these books — Detroit, Houston, Fort Lauderdale, Los Angeles, and New York City. The city with the most online votes will win. Online voting is open through August 31, 2015 and books will be donated in 2016.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
Finally, Abraxas Petroleum Corp (NASDAQ:AXAS), decreased -4.84%, to $2.56.
Abraxas Petroleum (AXAS), will host its second quarter 2015 earnings conference call on Thursday, August 6, 2015 at 10 AM Central Time (11 AM Eastern Time). Abraxas plans to declare second quarter 2015 operating and financial results preceding to the call.
The conference call can be accessed by dialing 888.713.4205 and entering conference code 76710027. A live webcast of the conference call can be accessed under the “Investor Relations” portion of the Company’s website at www.abraxaspetroleum.com.
Abraxas Petroleum Corporation, an independent energy company, engages in the acquisition, exploitation, development, and production of oil and gas properties in the United States. The company operates oil and gas assets in the Rocky Mountain, Permian Basin, and onshore Gulf Coast regions.
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