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27.6 Reimbursements (net down) If a payment to a party under this agreement is a reimbursement or indemnification, calculated by reference to a loss, cost or expense incurred by that party, then the payment will be reduced by the amount of any input tax credit to which that party is entitled on the acquisition of the taxable supply to which that loss, cost or expense relates

Since 2016, the company has spent 55% of cash flows on buybacks, and Id bet that will increase

For instance, countries with stringent anti-drug laws might have different views on items like water pipes or vape pens, often associated with cannabis use

Its yet to know if the estimation took the tobacco and vape flavor ban into account, but the Californian vape market is to some extent sentenced to death thanks to the ban in addition to the added levy that was already high enough