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Last updated on 11/5/2007 5:52:26 PM
| Positive EPS Surprises |
| Sym |
Exp. EPS |
Act. EPS |
% Surprise
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| ANIK |
0.15 |
0.16 |
6.6666 |
| RADN |
0.17 |
0.19 |
11.764 |
| JRVR |
0.62 |
0.67 |
8.0645 |
| QMAR |
0.36 |
0.39 |
8.3333 |
| BDE |
0.23 |
0.32 |
39.130 |
| More Positive Surprises>> |
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Germany Mulls VAT Changes For The Postal Sector
10/10/2007 11:53:30 AM Germany is pondering moves to exempt private postal operators from value-added tax, VAT, the Financial Times reported on Wednesday. The Deutsche Post, a former monopoly, is the only operator currently exempt from VAT. The German letters market will be thrown open to competition from next January.
The Deutsche Post provides a universal public service including an obligation to serve remote and thinly populated parts of the country and controls 91% of the German letters market. Other private operators have long complained that this sectional exemption of VAT to the Deutsche Post was unfair to them.
Further, the Deutsche Post concluded a wage agreement earlier in the year at a level higher than the wages paid by other companies. The government plans to use a 1996 law to declare the wage agreement as the minimum wage for the sector. This would adversely affect the competitive position of the smaller players.
The government hopes right things by allowing VAT exemption for the other players or imposing VAT on Deutsche Post. The government owns 30.6% of Deutsche post through its development bank.
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