InvestorsHub Logo
icon url

RealDutch

12/08/23 8:22 AM

#8456 RE: snow #8454

RD It appears then that the wealth tax regulations differ between Norway and your country.



I have to correct myself. I was just reading up on it.

What I said about the discounted cash flow method being used by the Dutch Tax authority, only applies when shares are issued. To determine income tax.

For the wealth tax, as of dec 31, we have a different set of rules. If you own less than 5% then they assume the yield is 5.7% and it is taxed at 31%. Although those numbers change every year. 5.7% on nothing is still nothing. And that is the tricky part. Because this method can only be used if the shares have been available to not just me, but to the crowd at large. Which is true for us because there have been many offerings for $0.01.