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Joined: Jul 2009
Posts: 9,255 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2009
Posts: 9,255 Likes: 2 |
I want the first bling adorned Indian model Levergun they make !
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Joined: May 2005
Posts: 17,133
Campfire Ranger
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Campfire Ranger
Joined: May 2005
Posts: 17,133 |
I think the problem is that the people that actually own Remington don't care. They just want to keep bleeding as much money out of the company as they can and then use Remington as a nice big tax break when the place folds for good. Since 93 they've been owned by two different capital investment groups (CD&R and Cerberus) that were simply money people with no connection with or passion for the product. That independence can be good when it comes to making sound business decisions but I expect there has been a lot of financial hijinks going on that has saddled Remington with too much debt and even the past 15 years of spectacular gun sales isn't enough to service that debt. Hopefully some splitting up of business units and bankruptcy will get them in a place that they can be around for a long time to come.
If something on the internet makes you angry the odds are you're being manipulated
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Joined: Apr 2011
Posts: 151,737 Likes: 14
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,737 Likes: 14 |
I hope they find a way to stay in business. I’ve killed a lot of deer with 700’s
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Joined: Jan 2007
Posts: 8,761
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2007
Posts: 8,761 |
If the Navajo Nation acquire's Remington I wonder if the Navajo Nation is exempt form the 11% federal excise tax?
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Joined: Sep 2011
Posts: 45,202 Likes: 18
Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2011
Posts: 45,202 Likes: 18 |
If the Navajo Nation acquire's Remington I wonder if the Navajo Nation is exempt form the 11% federal excise tax?
Interesting question Doc, Not really addressed in the following quote. I wonder if it's a negotiable item ? Interpreting what sovereign immunity really means, especially in a business negotiation, is an assignment I’m not equipped to complete. It is a complicated relationship between the various tribes and the federal government. While their businesses generally operate under the U.S. tax codes including taxes, there are some very notable exceptions. (my emphasis)
The desert is a true treasure for him who seeks refuge from men and the evil of men. In it is contentment In it is death and all you seek (Quoted from "The Bleeding of the Stone" Ibrahim Al-Koni)
member of the cabal of dysfunctional squirrels?
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Joined: Dec 2013
Posts: 14,810 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 14,810 Likes: 5 |
They intend to refocus towards trying to get government contracts where their status as a company owned by an indigenous nation will give them a leg up on getting said government contracts.
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Joined: Apr 2011
Posts: 151,737 Likes: 14
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,737 Likes: 14 |
If the Navajo Nation acquire's Remington I wonder if the Navajo Nation is exempt form the 11% federal excise tax?
Probably
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