AVZ Discussion 2022

[Retrobyte]

An interesting article

RDC : La plus grande banque suisse bloque les fonds de la famille Tshisekedi, estimés à 8 milliards de dollars, mais les experts soupçonnent qu’une partie de la fortune se trouve au Qatar et aux Émirats arabes unis

Par JeN-LUC KIENGE Dans un coup de théâtre financier qui secoue les milieux bancaires et politiques, la plus grande banque suisse, UBS, a confirmé avoir gelé des fonds appartenant à la famille Tshi…

vacradiointernational.com

Send the $8bn straight to us

 

[Azzler]

An interesting article

RDC : La plus grande banque suisse bloque les fonds de la famille Tshisekedi, estimés à 8 milliards de dollars, mais les experts soupçonnent qu’une partie de la fortune se trouve au Qatar et aux Émirats arabes unis

Par JeN-LUC KIENGE Dans un coup de théâtre financier qui secoue les milieux bancaires et politiques, la plus grande banque suisse, UBS, a confirmé avoir gelé des fonds appartenant à la famille Tshi…

vacradiointernational.com

Sickening isn't it.
The ruling class in the DRC are some of the most revolting people on earth.

 

[Randenj]

An interesting article

RDC : La plus grande banque suisse bloque les fonds de la famille Tshisekedi, estimés à 8 milliards de dollars, mais les experts soupçonnent qu’une partie de la fortune se trouve au Qatar et aux Émirats arabes unis

Par JeN-LUC KIENGE Dans un coup de théâtre financier qui secoue les milieux bancaires et politiques, la plus grande banque suisse, UBS, a confirmé avoir gelé des fonds appartenant à la famille Tshi…

vacradiointernational.com

So what do you reckon: A Congo someone has started to play 'silly buggers' (again), so an American someone who knows a Swiss someone decided to give their Swiss someone a call and suddenly the Congo someone has an $8bn reason to stop mucking everyone around again?

 

[Exo324]

No one in public office should be able to amass 8bill when their country is stricken by poverty. Sickening.

 

[oxxa23]

Having an unfranky divvy could really suck, depending on your situation.

Assuming an investor is on a highest marginal tax rate is 50% for round numbers:

Example 1 - 100% increase in value from original purchase.
- Cost base is $500K (eg. bought for 50c/share)
- Value of return is $1M. (eg. equivalent of $1/share)

Returned as capital
If $1M returned as capital (shares etc) and sold, CGT discount of 50% on $500K gain is $250K.
Tax paid is $125K and Investor keeps $875K.
Overall profit from original $500K investment is $375K.

Returned as divvy
If $1M returned as divvy, then tax is $500K, and Investor keeps $500K.
No profit on original $500K cost base, and Investor has still has a $500K unrealised capital loss from the unsold and unlisted shares.

Example 2 - 400% increase in value
Even at a cost base of $250K and returned value of $1.25M:
Return as capital would mean tax of $250K and Investor keeps $1M with a $750K profit
Return as divvy would be $625K in tax, Investor keeps $625K with a $375K profit and a $250K unrealised capital loss.

Example 3 - 50% increase in value
At a cost base of $500K and returned value of $750K:
Return as capital would mean tax of $75K and Investor keeps $675K with a $175K profit
Return as divvy would be $375K in tax, Investor keeps $375K with a $125K loss and a $500K unrealised capital loss.

Unless I'm missing something, if you are on the top marginal tax rate (again, using 50% for round numbers) not being able to use your cost base as a deduction when you get the proceeds as a dividend (which is income and not capital gain), means you need to make at least a 100% profit just to break even.

Is this correct?

Your numbers are fine, it's just that the company ordinarily would wind up or do a capital buyback to assist realising the majority of your capital loss.... yo be used against future capital gains..... the tax still sucks for sure but.

 

[tonster66]

8b on a presidents salary, makes Biden look like an amateur

 

[whales]

Send the $8bn straight to us

So what do you reckon: A Congo someone has started to play 'silly buggers' (again), so an American someone who knows a Swiss someone decided to give their Swiss someone a call and suddenly the Congo someone has an $8bn reason to stop mucking everyone around again?

Security for minerals has just taken on another level.
If he was desperate to stop M23
the incentive to avoid ICC just increased 100 fold.
What a pathetic response " smear campaign "

 

[Spikerama]

Sickening isn't it.
The ruling class in the DRC are some of the most revolting people on earth.

Interesting analogy that only the tip of the iceberg is frozen.

 

[Spikerama]

@Frank @JAG

Forty Five. Sharpen those knives.

 

[Frank]

https://x.com/brendo726/status/1912622738164133889

 

[Frank]

https://x.com/AugustCohen4/status/1912670060033839200

https://x.com/Allmetpt/status/1912672156015817092

https://x.com/anonymous_seeu/status/1912676790537204093

 

[Frank]

https://x.com/anonymous_seeu/status/1912685037319012578

 

[M.Bison]

An interesting article

RDC : La plus grande banque suisse bloque les fonds de la famille Tshisekedi, estimés à 8 milliards de dollars, mais les experts soupçonnent qu’une partie de la fortune se trouve au Qatar et aux Émirats arabes unis

Par JeN-LUC KIENGE Dans un coup de théâtre financier qui secoue les milieux bancaires et politiques, la plus grande banque suisse, UBS, a confirmé avoir gelé des fonds appartenant à la famille Tshi…

vacradiointernational.com

I really hope this is a "Hey look what I can do, stop fucking around" from the Americans.

 

[Aeolian]

8b on a presidents salary, makes Biden look like an amateur

 

[Flight996]

It seems that the source of this article is VAC radio international (https://www.vacradiointernational.com), which has cooperative relationships with major Chinese and international media organizations, including China Central Television (CCTV), Xinhua News Agency, China News Service, and is an Australian partner of China Radio International (CRI). Vac radio is also a member of the Global Chinese TV Broadcasting Association.

With that in mind, make what you like of the article.

However, in the absence of authentication, it may be just fake news.

While there is certainly a good case for freezing King Felix-the-corrupt's accounts, which are likely stuffed with money looted from the DRC, it may be just wishful thinking at this stage.

Cheers
F

 

[Spikerama]

It seems that the source of this article is VAC radio international (https://www.vacradiointernational.com), which has cooperative relationships with major Chinese and international media organizations, including China Central Television (CCTV), Xinhua News Agency, China News Service, and as an Australian partner of China Radio International (CRI). The group is also a member of the Global Chinese TV Broadcasting Association.

With that in mind, make what you like of the article.

However, in the absence of authentication, it may be just fake news.

While there is certainly a good case for freezing King Felix-the-corrupt's accounts, which are likely stuffed with money looted from the DRC, it may be just wishful thinking at this stage.

Cheers
F

Yeah and I love how this Haldoken character just jumps on it like it's cannon. And the rhetoric! My god. Maybe English is not their first language but you gotta do better than that. It's like teenager got hold of mum's X account.

 

[Mute22]

Waiting is like Chinese water torture, aptly named in this instance...

 

[Xerof]

Seems to me that China is now trying to throw FT under the bus, due to his willingness to work with USA

And a shout out to that cretin Tolate - thanks for your concern for my welfare. If you must know I’m on holiday in Aix en Provence then back to Dubai before heading home

I trust your rat swallowing night class is going well. I’m told not having a gag reflex will make it a little easier

 

[Doc]

Seems to me that China is now trying to throw FT under the bus, due to his willingness to work with USA

And a shout out to that cretin Tolate - thanks for your concern for my welfare. If you must know I’m on holiday in Aix en Provence then back to Dubai before heading home

I trust your rat swallowing night class is going well. I’m told not having a gag reflex will make it a little easier

 

[Frank]

It seems that the source of this article is VAC radio international (https://www.vacradiointernational.com), which has cooperative relationships with major Chinese and international media organizations, including China Central Television (CCTV), Xinhua News Agency, China News Service, and is an Australian partner of China Radio International (CRI). Vac radio is also a member of the Global Chinese TV Broadcasting Association.

With that in mind, make what you like of the article.

However, in the absence of authentication, it may be just fake news.

While there is certainly a good case for freezing King Felix-the-corrupt's accounts, which are likely stuffed with money looted from the DRC, it may be just wishful thinking at this stage.

Cheers
F

DRC: Switzerland's largest bank freezes Tshisekedi family funds estimated at $8 billion, but experts suspect part of the fortune is in Qatar and the United Arab Emirates

Makes You / Me wonder why it took so long to surface until now if it is for real / true