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PQBS

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AcronymDefinition
PQBSPre-Qualified Business Sponsorship (Australia)


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Taking into account the capital gain on the sale of PQBS and the utilization of existing capital loss carry forwards, basis in the assets sold, and available tax credits, the company anticipates it will pay federal and state income taxes of approximately $60 to 65 million in March 2007.
Taking into account the capital gain on the sale of PQBS and the utilization of existing capital loss carry forwards, basis in the assets sold, and available tax credits, it is anticipated that the Company will owe income taxes for 2006 of approximately $50 million due March 2007.
In 2003, the amount is primarily due to a fee received by PQBS from transitioning Micro Publishing business to another supplier.
 
 
 
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