Replies to post #17368 on Globe Photos Inc (fka GBPT)

[solidgold]

Tjak, my questions got "lost in translation", but I'll take it as "Nik doesn't want to answer them". Thanks.

[bWADDv]

The answer from MDFY about back taxes was:
Once again, this is a question based on inaccurate information. I have checked with Ian to be able to fully explain the situation
Delaware charge the company the maximum amount in tax until a return is filed. When the return is filed then the balance is worked out and what is actually due is immediately due for payment.

When Ian joined the company, there was a bill for back taxes totalling $280,000.00 (!) because previous CEO's had paid no attention to it.

Ian bought everything up to date and we paid, in total, $500 per year (for the two previous years) and are fully up to date. The latest return is due for filing at the end of March and our US accountants predicted that the tax bill will be a similar amount again.

My thoughts...and comments
So if you pay no attention to back taxes...Say you owe around $500 and forget about the bill.... than the State of Delaware charges max amount of $280,000? WOW there must be some other great benefits in Incorporating in the State of Delaware.. it sure does not sound like they have a very good Tax billing dept!
You would think for a state like Delaware that specializes in Incorporations that they would do a much better job at tax billing and also would do a much better job at giving out information of publicly traded companies especially what they owe in back taxes. Thank you NIK for clearing up any questions we might have about back taxes.

[Capt Bob]

Total BS Nik....The noose is getting tighter. The UK contacts were smart enough to know to start with third party varification of Medify, which they could not prove. I am tired getting into a pissing contest with you. You know you have no contact or business visa-vis relationship with IBM UK.