SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (107997)10/13/2014 11:47:11 AM
From: elmatador  Read Replies (3) | Respond to of 217980
 
ISIS is like the French Partisan. The Resistance. Iraq invaded. Saddam army could not fight a power the caliber of the US going conventional.

They saw their head of state being paraded then hang. His statue demolished. It was too much humiliation for the remnants of the Iraqi army

They disbanded and went underground fighting guerrilla war to rid their country of the invader or at least give them a hard time.

As the government put by the US (like the Vichy government) started putting in place its own new army, they killed those in the recruiting lines.

As the US withdrawn they got together and took the weapons of the new army and started taking back their country.

As you can see heroes and demons as just a matter of perspective



To: TobagoJack who wrote (107997)10/13/2014 12:46:21 PM
From: Hawkmoon  Read Replies (1) | Respond to of 217980
 
The Australian firm also clearly stated that the money was not paid in exchange for any service. Rather, it was paid [to guarantee] what I wouldn't do, which is to compete with it and poach its staff."
You know the HK income tax laws better than I..

But it sounds like compensation, and not a capital gain.. Compensation with the implicit service of being available for consultation, as well as not starting hiring away the staff of the acquired company.

Can someone be compensated, income wise, by providing a service of NOT doing something?

If I pay you to be available to consult for me, as well as not to compete against me, or hire my staff away, it sounds like I'm compensating you.

The question I have is how the Australian company accounted for the payment?

Hmmm... let the tax courts decide. But I doubt he actually received a written tax opinion at the time of the agreement.. Otherwise, he would have produced it, and the tax professional who wrote it.

Hawk