QUOTE(Kelly Martin @ Wed 5th October 2011, 1:36am)
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Sadly, we'll probably never know. Bomis was, I believe, a Delaware corporation, which means its shareholder books are privileged.
There's essentially no way to find out who owned how much, other than the statements of the principals, which are contradictory and untrustworthy.
Which mekes me wonder if there might be some other sort of shelter benefit Jimmy might be getting from living in the UK now.
QUOTE(Peter Damian @ Wed 5th October 2011, 4:33am)
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Is it this kind of thing?
http://www.taxresearch.org.uk/Blog/2008/04...c-its-got-to-goWhat kind of country are you Americans running? A special state (Delaware?) with secrecy laws about company incorporation.
A growing group of young people seem to think it's only a very few Americans actually running the place lately.
QUOTE(Peter Damian @ Wed 5th October 2011, 4:33am)
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Another special state (Florida?) where a creditor can take more than a million dollars of assets and secure them away from creditors.
And Wikimedia, the organisation committed to transparency and the sum total of human knowledge, makes full use of these arrangements?
Will be an interesting theme for the book.
US states are in some respects more similar to EU nations than to French Departments. Their ability to compete with one another is largely limited,
but where the limits aren't there (or clear, or enforced, etc.) they're rather shameless in their efforts to attract the wealthy folks.
And Mods: could we maybe shrink the photos above so that we can read this thread without the annoying distraction of horizontal scrolling?