A bit more detail about Jussi's income from the Discmania sale: The published tax numbers (15 million euros or so) refer to Jussi's capital gains on asset sales for the year. Assuming that he held his Discmania shares for more than 10 years, which is almost certainly true, 40% of the sale will have been tax free under Finnish tax law and not included in this number. This would imply that his stake was sold at something more like 25 M€, of which 40% or 10 M€ is tax free. The remaining 15 M€ is taxed at 34%. In net terms, this comes out to something like 20 M€ after tax minus whatever he agreed to invest back into the business.
If this caption is true... I told ya guys . It's over....the hype is gone and and they were smart to get out now. There's too much plastic in the world now 👽♠️
@@callaway5148 NO they weren't, and that's fine. The comment was related to the guys inferring companies try to hide their devious deeds. Most of the time the complaint is aimed at public american companies, not private, hence my comment.
Do love the americans think euros arent as interested in avoiding taxes lol. Sweden is many cases world leader in low taxation on companies...we can put the Cayman Island to shame lol
A bit more detail about Jussi's income from the Discmania sale:
The published tax numbers (15 million euros or so) refer to Jussi's capital gains on asset sales for the year.
Assuming that he held his Discmania shares for more than 10 years, which is almost certainly true, 40% of the sale will have been tax free under Finnish tax law and not included in this number.
This would imply that his stake was sold at something more like 25 M€, of which 40% or 10 M€ is tax free. The remaining 15 M€ is taxed at 34%.
In net terms, this comes out to something like 20 M€ after tax minus whatever he agreed to invest back into the business.
2022 was the yr
If this caption is true...
I told ya guys . It's over....the hype is gone and and they were smart to get out now. There's too much plastic in the world now
👽♠️
Public companies show all their financial data....
But were they publicly held companies? Is House of Discs publicly held? Doesn't look like it. I think they're private companies.
@@callaway5148 NO they weren't, and that's fine. The comment was related to the guys inferring companies try to hide their devious deeds. Most of the time the complaint is aimed at public american companies, not private, hence my comment.
Do love the americans think euros arent as interested in avoiding taxes lol. Sweden is many cases world leader in low taxation on companies...we can put the Cayman Island to shame lol