Good Morning everyone. It appears we may be getti
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Posted On: 01/09/2021 10:47:26 AM
Good Morning everyone . It appears we may be getting closer to finally seeing some worthwhile information from the CEO of Univec, and I still see January 18th through the 22nd as the likely timeframe. January 18th looks favorable because Dalton is black and that fact holds special interest for him. However, January 20th is also possible because a new and very liberal administration will be sworn in --- an administration believed to be favorable to cannabis. If one assumes a day or more may be required to get issues in order, then the full week may be required. Keep in mind, no one really knows what Dalton is doing, and that is what is so frustrating for Univec investors.
If the new administration is what Dalton is waiting on, then consideration should be given to taxation. Capital gains in particular is likely to double and even triple under the weight of a Biden administration (higher transaction costs are proposed as well). Thus, consider looking at the following website for information regarding tax avoidance. A passport takes a little time, but not very much, and one might need to brush up on Spanish because not everyone speaks English. I suggest one may also want to talk to a tax specialist.
https://www.investopedia.com/articles/persona...havens.asp
As you will notice, a bank account can be opened in many of these places without tax obligation. Often, one may need to pay a fee to incorporate, but that is all. A person can still live at one's current address. However, some may wish to exit the country altogether because of the freedom one might gain. Perhaps one may desire to buy a large boat to take advantage of fishing --- maybe even something larger for parties and entertaining (hint to those who might invite me).
For myself, I view capital gains as a serious issue because one invests their own hard earned money at great risk of loss in the hope of making a future profit (often times we see none). And, when one invests their money, it is money you already paid taxes on, and you gave up a whole lot of things to save the money, so my question is why should the government get anything after you are the one who gave up so much and took all the risks? That choice is yours.
Kgem
If the new administration is what Dalton is waiting on, then consideration should be given to taxation. Capital gains in particular is likely to double and even triple under the weight of a Biden administration (higher transaction costs are proposed as well). Thus, consider looking at the following website for information regarding tax avoidance. A passport takes a little time, but not very much, and one might need to brush up on Spanish because not everyone speaks English. I suggest one may also want to talk to a tax specialist.
https://www.investopedia.com/articles/persona...havens.asp
As you will notice, a bank account can be opened in many of these places without tax obligation. Often, one may need to pay a fee to incorporate, but that is all. A person can still live at one's current address. However, some may wish to exit the country altogether because of the freedom one might gain. Perhaps one may desire to buy a large boat to take advantage of fishing --- maybe even something larger for parties and entertaining (hint to those who might invite me).
For myself, I view capital gains as a serious issue because one invests their own hard earned money at great risk of loss in the hope of making a future profit (often times we see none). And, when one invests their money, it is money you already paid taxes on, and you gave up a whole lot of things to save the money, so my question is why should the government get anything after you are the one who gave up so much and took all the risks? That choice is yours.
Kgem
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