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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)
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To: Terry T. who wrote (17057)12/20/1998 3:33:00 PM
From: HIGHPLANESDRIFTER  Read Replies (2) of 18444
 
Terry, what about tax considerations?

Up my way, a share transfer as payment for services rendered would constitute income in the hands of the recipient at the time received, not at the time of the ultimate disposition of the shares down the road (which might give rise to an additional capital gain or loss). Where the recipient was a foreign entity, the transferOR would have to withhold 25% of the payment for remission to our IRS equivalent as taxes on the transaction.

Are your requirements comparable? With the rumour that Rolling Rock is an offshore entity, perhaps this is one reason why they had to cobble together a U.S. address for the SEC filing. A different kind of dust on the trail, so to speak ...
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