RE:RE:SOW has done itThat is correct.
That way , there is very little tax "liability" , meaning that they pay very little tax , if any.
The only tax is on the " value increase" of those financial assets .If they depress the share price just before the distribution , then the tax is low.Check it : every time the share price dropped a lot in a short time , after that some significant news came : distributions or share issuances , etc...
That "process" (to pay less taxes ) is only possible if there are no "activity" at the time of the distribution , meaning income ( revenues , sales ...) in those "assets".The tax rate is lowered by half , because it is treated as income on "capital".I looked into it a few months ago.I am not an accountant.
The people running SOW are financial managers , and they know excactly what they are doing.
In many financial reports , it was stated:
the financial amounts at which the transactions are valued can be restated at a later date , eventually....
I bet that will happen too....
There are some reasons why all this is happening.Somepeople know more than we know?