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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (107987)	10/13/2014 8:27:19 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 217974

The buyer was an Australian company, and by my reckoning is off shore to Hong Kong. What do you think? Maybe I misunderstood the article, but it sounded as if he was paid a non-compete fee (as in income and therefore taxable), in addition to the proceeds from the sale of his company (the capital gain that is not taxable, as you state). And the amount was not disclosed until now.. At the very least, it could suggest a continued, undisclosed, conflict of interest.. But you know more about the nuances of HK tax code than I.. It could be nothing, but I found his answer to the question about whether he paid taxes rather interesting.. Somewhat evasive.. He could have just answered the question as eloquently as you just did.. So it's possible that "where there is smoke, there may be fire".. But let's see.. Hawk