hello pezz, today's report:
per Message 26901067 and indicative of what low yields and high asset prices drive folks to do what they must
a follow-up, in/out e-mail trays
player m: If they were smart, they'd redomicile to HK or Singapore and then pay out all of those earnings in dividends.
(dividend tax rate here is zero).
Then the stock really would be a buy with such a great supporting yield.
The biggest question is why they simply haven't done so....
M
noir.bloomberg.com
SNIP:
Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.
Google’s income shifting -- involving strategies known to lawyers as the “Double Irish” and the “Dutch Sandwich” -- helped reduce its overseas tax rate to 2.4 percent, the lowest of the top five U.S. technology companies by market capitalization, according to regulatory filings in six countries.
That licensee in turn owns Google Ireland Limited, which employs almost 2,000 people in a silvery glass office building in central Dublin, a block from the city’s Grand Canal. The Dublin subsidiary sells advertising globally and was credited by Google with 88 percent of its $12.5 billion in non-U.S. sales in 2009.
Allocating the revenue to Ireland helps Google avoid income taxes in the U.S., where most of its technology was developed. The arrangement also reduces the company’s liabilities in relatively high-tax European countries where many of its customers are located.
The profits don’t stay with the Dublin subsidiary, which reported pretax income of less than 1 percent of sales in 2008, according to Irish records. That’s largely because it paid $5.4 billion in royalties to Google Ireland Holdings, which has its “effective centre of management” in Bermuda, according to company filings.
Interested in changing your citizenship?
There was a 6-page insert this morning in my copy of the Financial Times.
Apparently there is to be a 2-day Conference at the Four Seasons Hotel on how to renounce citizenship and how to assess which new citizenship to take up and the advantages of doing so - i.e. taxes, ease of travel, etc.
St. Kitts and Nevis appears to be aggressively courting HNW individuals, as the Prime Minister is one of the keynote speakers....
Website here:
informaglobalevents.com
This is the only conference on the market purely focused on Global Residence & Citizenship issues
It is the 4th annual event by the leaders in the field Henley & Partners
Provides knowledge on the key issues to private clients looking to relocate including a jurisdictional analysis of the Carribbean, US, Canada, Hong Kong, Macau, Singapore and India
20+ Leading experts will give an up-to-date overview of residence and citizenship including a special address by the Prime Minister of St Kitts & Nevis
Hot Topics for the Global Residence & Citizenship Conference
Residence and Citizenship in Austria and Belgium
Residence and Lump-Sum Taxation in Switzerland
Swiss Canton Perspective
International Health Insurance: An Important Element in Residence Planning
Canada Investor Immigration Programs
The Current UK Immigration Scene for Investor and High Net Worth Individuals
The United States Investor Visa (EB5 Program)
Giving up US Citizenship
Residence for Investors in Singapore & Hong Kong
Wealth Planning for US Clients in Asia
Tax Planning for Greater China Clients
player x: What is "HNW individuals" ?
Know some folks who do on-line marketing work ... Eh I meant on-line god's work ... And interact with the likes of goog for traffic ... And also at 2.5-3% tithing rate ... They actually do not even have time to do accounting ... As if they are drinking at the water fountain that is actually the niagara falls ... Drenched by the gush.
So, goog and such is truly borderless, n perhaps that explains why the homeland is trying to corral the i-net, to stem the revolt.
player m: Hey player tj, How in the world did they get a video of your speech 20 years from now today? <g>
youtube.com
Note that this is showing on TV in the US now.
This may be our family's alternative when our lease expires next May.
Perhaps revisiting the idea of buying an old cruise ship and refitting it into 2,000 sq. ft. apartments is worth doing!
M
thestandard.com.hk
SNIP:
For HK$6 million to HK$8 million, you can purchase a top-of-the- line 23-meter houseboat offering 3,000 sq ft of living space - and that is just about the "average" size.
Plus, said Jamo Lo, a sales agent at Mandarin Yachts: "That includes the berth."
Secondhand vessels have even better value. Docked at the Discovery Bay Marina are more than 10 vessels on Cameron's list, ranging from HK$2.8 million for a 1,300-sq-ft boat with two bedrooms and two bathrooms, to HK$5.9 million for a 3,300-sq-ft
floating palace with five bedrooms and four bathrooms.
That's around HK$2,000 per square foot, a far cry from the average of more than HK$18,713 for properties over 1,000 sq ft, the baseline area for the luxury property segment.
player tj: The make-belief chinese professor did not invoke fire and call for brimstone. He was too wishy washy willy by the nilly in delivery of harsh message. Iow, he was too circumspect, and He unforgivably failed to yell "GOLD!" in the crowded theatre.
OT: Oasis Palm - Today we registered the typical off-shore company and filed for the obligatory on-shore corporation, all to engage with a 3-star 47-rooms hotel in old Manila and embrace it on 24-years leasehold basis. The asset sports a swimming pool, unusual for the location, and the plan calls for facilities upgrade over 48 months time in calibration with cash flow, as well as tweaking of services per professional discipline.
The venture sports a suspicious but solid-enough (without stressful assumptions) prospective 37% IRR in Peso terms.
Should the Oasis Palm fellowship be fortunate, we may get a loan after stabilization so as to extract equity w/i 24 months, and should we be unlucky, cash-on-cash payback should be w/i 60 months.
The Oasis Palm initiative is meant as an experiment, and the all-in all-equity cost, inclusive of working capital, is less than amount necessary for a 430 sft apartment at Gramercy of #38 Caine Road.
By engaging with such experiment, one can more easily hold possibly fully valued hk property on lease or buy basis.
The rebellion comradeship of 8 to 10 folks, in a global end-of-the-world scenario, should be able to move families into 8-10 rooms, and work as staff to last out the Darkest Interregnum.
a hkd 421k investment (hkd 21k more than kiss-goodbye fee for joining the american club as a non-american) in manila leasehold hotel may completely offset the monthly/annual out-of-pockets for maintaining 3,000 sft boat.
a hkd 2.6m investment in such hotel would enable one to pay for hkd 80k of monthly rental for 24 years plus getting original equity returned within the first 24-60 months.
so, program for newly arrived could be:
- invest usd 55k in manila leasehold hotel
- invest usd 800k in boat as home
- spend usd 50k as membership in american club so as to use it as office, or spend hkd 5k as membership at fcc for same purpose
player m: As member of the Royal Hong Kong Yacht Club, I can moor my 28 metre (92 foot) boat for a mere HK$3,800 per month. The club, just steps away from fantasy boat, has gym, pool, squash courts, restaurants, ship shop, and car parking included as I'm already a member. All in Causeway Bay, just 500 metres from office.
Peter is current doing just that as he spends the next 6 months refurbishing his place in Shouson Hill.
Now, to convince my wife.....
player tj: player m, get with the program ... give wife 50% of the savings and she should sign on with the rest of the program
cheers, tj |
