OTCQX:DMMIF - Post by User
Comment by
edxon Mar 24, 2015 1:06pm
145 Views
Post# 23555559
RE:RE:What do you think?
RE:RE:What do you think?mtsuit wrote: It sounds like if I buy 1000 shares of DMM at $1 and sell them at $2 then I have earned $1000 from an indirect interest in an Ecuadorian company and therefore Dynasty has to pay the Ecuadorian government $220 tax related to my gain.
<br /> <br /> You aren't buying/selling shares in an Ecuadorian company. You are buying/selling shares of a Canadian company that has a number of Ecuadorian subsidiaries.<br /> <br /> The way it reads to me is this is a non-factor unless somebody takes out Dynasty and its subsidiaries, which would trigger a capital gains event for the company. The company would be liable to pay some of the proceeds of that sale to the Ecuadorian government. <br />