AI
Wednesday, October 05, 2022 10:15:43 AM
Yep. I was afraid you were going to say that 
So what you are saying is, you have to issue the Cow shares NOW (this year), ahead of the IPO (for non-employees), because you can argue to the tax agency that the shares are worth only $0.15, and not $10. Hoping, that the tax agencies will accept it. Hmmm.
One other thing. The Wealth tax (as of dec 31). It applies to the Dutch folks but I also learned recently that it applies to Snow in Norway. Even though it is only 1% or 2% on the total, it still adds up when considering 100,000 cow shares x $10 (or even much higher by dec 31) market value. And we don't even know if the de-SPAC will ever happen......
Two, it would be best for people to hire a tax advisor when they file the tax return for this year. I was hoping none of this would be necessary.
I'm glad though it doesn't apply to me.
So what you are saying is, you have to issue the Cow shares NOW (this year), ahead of the IPO (for non-employees), because you can argue to the tax agency that the shares are worth only $0.15, and not $10. Hoping, that the tax agencies will accept it. Hmmm.
One other thing. The Wealth tax (as of dec 31). It applies to the Dutch folks but I also learned recently that it applies to Snow in Norway. Even though it is only 1% or 2% on the total, it still adds up when considering 100,000 cow shares x $10 (or even much higher by dec 31) market value. And we don't even know if the de-SPAC will ever happen......
Two, it would be best for people to hire a tax advisor when they file the tax return for this year. I was hoping none of this would be necessary.
I'm glad though it doesn't apply to me.
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