Dotcom finances and privacy in Hong Kong hide-away


This, from a piece in the NBR yesterday (behind paywall)

NBR Online asked Mr Dotcom why he put one of his Hong Kong companies in charge of Megabox.

“It involves some US artists as potential shareholders and they want a more tax-friendly jurisdiction. That’s why we looked at Hong Kong and Singapore,” he replied.

That sounds dodgy to me, and indeed the NBR consulted their own tax expert on the issue.  

But a source familiar with international tax law told NBR there would be no particular advantage for the US artists if they were shareholders in a Hong Kong-based company controlling Megabox. They would still be subject to US tax.

The Hong Kong setup could potentially benefit Mr Dotcom’s own tax and privacy situation, however.

Once again Dotcon lies, there are no benefits for US artists, US tax law is stringent worldwide, there simply is no jurisdiction anywhere that helps them.  Once again he has lied about the NZ connection…playing everyone for fools including his new idiot CEO who seems to be playing Kim’s Sgt Shutlz:

I know nothing

I wonder what Cactus Kate would make of all this?

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.