Saturday, December 30, 2023 3:53:45 AM
Laxmi has solved the problem for us. Because they will be selling shares/tokens for $10 to IRA clients.
This is what the Dutch tax office calls an "independent reference transaction"
And it overrules all other valuation methods.
There is some logic to this. Because $10 is what you can get for your shares in the market place, realistically.
It should be the same in Norway.
It would be very hard for you to argue that the shares are worth less than $10. If the company can sell them for $10.
And you risk being fined if you do.
So that's it. You have to use $10 per share per vertical.
If.... the company is able to sell them for $10 to IRA clients (soon).
As for the income tax or gift tax, I don't think it is relevant.
The book date was september 15 when we received the shares.
The companies didn't have any revenue. There was no independent reference transaction.
I think we can use value $0 for this purpose. Or perhaps $0.01.
---
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM