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Deuces

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Deuces

Re: linda1 post# 5532

Friday, 09/23/2022 10:50:15 AM

Friday, September 23, 2022 10:50:15 AM

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I don't think it's for tax purposes. KAST has no debt that can be offset a balance sheet. What's going to be the $ amount to write off? The purchase price of the shell? NTAI has had no activity for whatever reason but for either KAST or NTAI to be viable for any tax shelter there has to be some form of transactions within the shell companies to make it an option.

You can open an account in the Bahamas and do no transactions so what exactly are you sheltering? Wouldn't that same logic apply with shells if thats the purpose?
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