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06-02-26  carib

Panas: as far as I remember, Bernie is a "democratic socialist", caucusing with the democrats in the Senate, but essentially controlling 1 vote in 100.
Little risk there.. unless Trump hears the idea, and finds that getting 50% of all AI corps for himself for free.. might be a genial idea..

;-)

06-02-26  panasonic

Pilly, that's the problem, his proposal is to expropriate 50% of shares, and Gov. control the board of those companies.

Given he is a Chinese agent, under his "model", all would be regulated at our side and leave doors wide open to Chinese supremacy.

06-02-26  carib

Venezuela has retained Hogan Lovells US LLP as legal counsel for what is expected to be one of the largest sovereign debt restructurings in decades.

The hiring — made public in a filing published by the Justice Department’s Foreign Agents Registration Act unit on Tuesday — comes less than a month after the government announced it was starting the process to rework an estimated $170 billion of debt that’s been in default since 2017.

The law firm, which has headquarters in Washington and London, said in an email that it has a long history of working with the country and was hired to for both the restructuring and to provide assistance on government relations in the US. Both the Venezuelan administration, particularly the finance ministry, and the nation’s embassy in the US are listed as clients in the filings.

Legal services include consulting in the “assessment, development, or preparation of debt restructuring options, proposals and supporting materials,” according to the documents. The firm will also provide the Venezuelan embassy in DC with advice on “legislative, regulatory, and public policy activities” in the bilateral relationship between Caracas and Washington.


Norm Coleman, a former US Senator from Minnesota who was a member of the Foreign Relations Committee before joining Hogan Lovells in 2011, represents the Venezuelan embassy for the firm, according to the documents. The disclosed contract shows a retainer of $100,000 a month.

Hogan Lovells was previously hired by Venezuela’s US embassy in 2014 to provide lobbying services in Washington.


06-02-26  pillz

Senator Bernie Sanders proposed the "American AI Sovereign Wealth Fund Act" to create a federally managed fund owned by the American public.


//

it looks like one must sell everything .. if Sanders want to buy now :-))

06-02-26  panasonic

Savo, yes...fomo yolo :-)

06-02-26  spal

Savo ... certainly some momentum chasing.

06-02-26  savo

pana.. spal... crazy world... money going into photonic stocks.. none of which make any money.

06-02-26  carib

Outgoing Mossad chief Barnea urges Israel to topple wounded Iranian regime
If in the past, Barnea's promise seemed to be to prevent Iran from getting a nuclear weapon, this was an additional time that he doubled or even tripled down on regime change for Iran.

06-02-26  spal

Frontera - update:

Frontera Energy’s June 1, 2026, announcement transitions the company from a volatile, capital-intensive exploration and production (E&P) outfit into a clean, structural infrastructure monopoly.

By shedding its Colombian oil assets to Parex, management has executed a masterful "sum-of-the-parts" unlocking event. This strategy aligns the company perfectly with Colombia's long-term sovereign energy and logistical vulnerabilities.


1. The Strategic Architecture of the LNG Terminal

The centerpiece of this transformation is the Puerto Bahía LNG regasification project, which addresses a critical structural mismatch in the Colombian economy.

Colombia's Gas Deficit & Ecopetrol's Motivation: Colombia is staring down a massive domestic natural gas shortage expected to bite hard by late 2026/2027. Relying purely on dwindling domestic onshore fields is no longer an option. Ecopetrol, as the state-backed oil company, is highly motivated to secure import capacity to maintain industrial supply and keep gas-fired power plants online.

The "Take-or-Pay" Moat: Frontera states they are advancing an exclusive joint venture agreement with Ecopetrol. Infrastructure funds prize take-or-pay capacity contracts because they insulate revenues from commodity price fluctuations. Ecopetrol pays for the regasification capacity whether they push gas through the terminal or not.

The FSRU Advantage: Securing an option for a ~500 MMcfd Floating Storage and Regasification Unit (FSRU) ensures rapid deployment by 2027, avoiding the multi-year delays and environmental hurdles of onshore builds. It positions Puerto Bahía as the primary gateway for Colombian gas imports.

2. Multi-Asset Synergy: Gasco, Tolling, and Power Gen

Frontera’s port operations extend beyond a single asset, functioning as a tightly integrated midstream ecosystem.

The Gasco Layer: The partnership with Gasco on the existing LPG infrastructure delivers a reliable baseline cash flow ($10–$15 million in EBITDA). This project serves as a proven blueprint for the larger LNG buildout, derisking Frontera's execution track record for institutional investors.

The On-Site Power Generation Catalyst: The announcement references potential entry into **gas-fired power production** via a facility right at the port. This strategy is highly effective because it introduces an immediate, captive "anchor tenant" for the LNG terminal's gas. Power generation located at the deepwater port eliminates pipeline transit costs and allows Frontera to capture margins across both the fuel import and power sale stages.

3. Logistical Backstops: RoRo, Storage, and the ODL Pipeline

The broader portfolio provides an insulated, highly resilient infrastructure baseline.

Roll-on/Roll-off (RoRo) Momentum: Puerto Bahía remains Colombia’s premier hub for automotive and heavy machinery imports. As supply chains normalize and regional automotive trade expands, this unencumbered segment acts as a high-margin cash flow generator requiring very low maintenance CapEx.

Strategic Oil Reserve Capacity: Puerto Bahía features a substantial Liquid Bulk Terminal with 3.33 million barrels of storage capacity. In an era of volatile crude flows and shifting global supply networks, this deepwater storage footprint positions Frontera to offer strategic storage or blending operations to international trading desks.

The Oleoducto de los Llanos Orientales (ODL) Anchor: Frontera's 35% stake in the ODL pipeline is a highly valuable asset. This pipeline transports a significant portion of Colombia's heavy crude. It operates under long-term regulated tolling agreements, providing a durable cash flow foundation that underpins the parent company’s dividend capacity.

4. Institutional Validation: Why the Market is Wrong (For Now)

At a post-dividend stub price of roughly $5.00 net, the public market is fundamentally mispricing this asset.

The market currently values Frontera as a legacy E&P stock. However, its infrastructure baseline of $110–$120 million in adjusted EBITDA is backed by long-term pipeline tolling, take-or-pay port contracts, and tier-one corporate counterparties like Ecopetrol.

Why This Targets Private Equity & Infrastructure Funds

Global infrastructure allocations (like Brookfield, Macquarie, or regional LatAm private equity funds) seek long-term, inflation-linked cash flows with high barriers to entry. Puerto Bahía cannot be easily replicated due to its deepwater marine concession and direct connection to national pipeline networks.

Once the "due-bill" trading period settles after the June 24 capital distribution, Frontera will emerge as a debt-free midstream pure-play. As the company reports clean, high-margin quarterly results without E&P capital expenditures, institutional re-rating should shift the multiple toward infrastructure averages, unlocking significant upside from current levels.


06-02-26  panasonic

"Hemos tomado 1.000 millones de dólares en criptomonedas de Irán"

Maduro is the bird singing in NY, Veni used same vaults.

06-02-26  panasonic

Senator Bernie Sanders proposed the "American AI Sovereign Wealth Fund Act" to create a federally managed fund owned by the American public.

It aims to capture the economic value of artificial intelligence and share the profits with everyday citizens.

Key Details of the Proposal

The Equity Transfer: The legislation proposes a one-time transfer of 50 percent of stock from major AI companies (such as OpenAI, Anthropic, and xAI) to the federal government.Public Ownership & Governance: Instead of a cash tax, the government would hold voting shares and secure equal board representation at these companies.

Direct Payouts: Revenue generated by the fund would flow directly to Americans as cash payments. Any long-term growth would eventually help fund broader public goods like housing, education, and healthcare.

The Core Argument
Sanders argues that AI models are trained on the accumulated knowledge, journalism, art, and labor of millions of Americans, typically without permission or compensation.

Because the technology is derived from collective human output, he asserts that the wealth it generates should be shared collectively rather than concentrated among a few tech executives.

Modeled Concepts
Sanders points to existing, successful sovereign wealth models as inspiration, specifically citing Norway's Government Pension Fund and the Alaska Permanent Fund Dividend, which both distribute resource-based wealth to citizens.

He also highlighted that similar concepts have been previously floated by AI industry leaders like OpenAI CEO Sam Altman and Anthropic, who have independently suggested public or national wealth funds tied to AI growth

06-02-26  savo

victor... unless DT starts buying with public money... i think there is no floor for btc now that saylor turned seller and btc mining companies are becoming data centers with DT's sons.

06-02-26  victor

savo, btc below 70k

06-02-26  victor

in which Trump at one point yelled at Netanyahu, “What the f*** are you doing?”

:-))

//

Trump tells Netanyahu he kept him out of jail, should be grateful on tense call - report

One source summarized part of Trump’s comments as “everybody hates you now. Everybody hates Israel because of this,” said the report by Axios.

US President Trump accused Prime Minister Benjamin Netanyahu of being the reason for global hatred of Israel in an angry call on Monday, Axios reported.

Earlier on Monday, Iran had threatened to stop negotiating with the US due to Israel’s action in Lebanon, prompting the call in which Trump at one point yelled at Netanyahu, “What the f*** are you doing?”

According to one US official, Trump felt that Netanyahu was reacting disproportionally to Hezbollah’s attacks on Israel. He objected to Israel destroying buildings to take out a single Hezbollah commander, and Israel’s threats against Beirut, Axios wrote.

Another source summarized part of Trump’s comments as “everybody hates you now. Everybody hates Israel because of this,” according to Axios.

Trump also accused Netanyahu of being ungrateful, with the source saying Trump claimed the prime minister would have been in prison if not for him.

Attacks on Beirut canceled

While Netanyahu released a statement after the call that Israel’s position “remains the same,” a US official told Axios that Trump had actually “steamrolled” Netanyahu.

"Bibi said, 'OK, OK, just make sure everything is taken care of,'" Axios quoted the official as saying.

Another official said that this was one of Trump’s worst calls with Netanyahu since the start of his second term.

After the call, Trump announced that Netanyahu had “turned his Troops around,” after he asked him “not to go into a major raid of Beirut,” in a post on Truth Social.

In another post, Trump wrote that talks were continuing “at a rapid pace” with Iran.

06-02-26  amateur

Sorry 4 duplicate post 😣

06-02-26  amateur

Dont lose your sleep about the AI bubble bursting. Everything will be fine.
Peter Thiel is movimg to Argentina.

06-01-26  savo

Daniel Mayakovski
@DaniMayakovski

"Hemos tomado 1.000 millones de dólares en criptomonedas de Irán, simplemente nos hemos apoderado de sus billeteras, muchos iraníes estarán escribiendo en redes sociales sin saber que les hemos robado sus billeteras".

Scott Bessent, Secretario del Tesoro de EEUU, se enorgullece de robar 1.000 millones en criptomonedas de Irán como si fuesen hackers y delincuentes cibernéticos.

Piratas Unidos con Trump ni siquiera tapan sus robos, son la mayor organizacion criminal del planeta.

https://x.com/danimayakovski/status/2061404485491011893

06-01-26  victor

last line :-))

//

Benjamin Netanyahu - בנימין נתניהו

Tonight, I spoke with President Trump and told him that if Hezbollah does not cease attacking our cities and citizens—Israel will attack terror targets in Beirut.

This stance of ours remains unchanged.

In parallel, the IDF will continue to operate as planned in southern Lebanon.

06-01-26  carib

ft

America’s profit machine seems extraordinary by historical and global standards. But look closer, and cracks appear. Rising government deficits explain a surprising share of recent US earnings growth. Moreover, the “profitless” dotcom era is a myth. Earnings growth is not dramatically stronger today than it was in the late 1990s.

06-01-26  victor

well..

I had a very productive call with Prime Minister Bibi Netanyahu, of Israel, and there will be no Troops going to Beirut, and any Troops that are on their way, have already been turned back. Likewise, through highly placed Representatives, I had a very good call with Hezbollah, and they agreed that all shooting will stop — That Israel will not attack them, and they will not attack Israel. President DONALD J. TRUMP

06-01-26  carib

Leo: me too.

06-01-26  leopardo

10k why not if we have a bit of patience.
I have the London GDR wich is quotes 5800
right now

06-01-26  carib

Leo: Samsung target price?

06-01-26  leopardo

Me own Zamsung…

06-01-26  carib

Bought a toehold in SES (SES AI corp, NYSE).. hoping it will follow the path of AMPX (now 20x initial purchase price)

06-01-26  carib

Victor: but Bibi might be a retiree this fall..

06-01-26  victor

carib, seems to me that netanyahu gets to laugh last..

he does whatever he wants in lebanon, and dt appears to be in no position to tell him to stop.

06-01-26  spal

At a cost of 69 cents ... I like

06-01-26  spal

The infra biz will theoretically trade at c. $5 June 24 (based on today's price) ... but probably more by then.

And is worth c. 11-12.

06-01-26  spal

Current shares trade at 11 ... this include c $6 payment June 24.

Thus ex-price is c. $5

Ex value is c. $11 again IMVHO

I am holding.

My cost base on a large position is now $6.73.

So I get the infra biz for c. 69 cents a share ... give or take.

06-01-26  spal

Pure-play infrastructure peers with regulated pipeline tolling and proprietary deep-water ports rarely trade below 7x–8x EBITDA, even with a Latin American geopolitical discount.

Conservative Valuation (7x EBITDA): $110M EBITDA $\times$ 7 = $770 million Fair EV.

FECCF ... Frontera has now closed there disposal of E&P assets to Parex ... shares now trade with payment attached of c.$6.03 per share to be paid June 24 (as a non taxable return of capital).


From here they are a pure play infra co ... with Puerto Bahia and 35% share of a pipeline (controlled by Ecopetrol).



Target Net Share Price: Dividends aside, the infrastructure business alone justifies an intrinsic equity value of roughly $10.50 to $11.50 per share based on institutional infrastructure multiples.

Conclusion: Yes, at a net price of ~5 (net of the USD c. 6.03 distribution June 24) ,the shares remain deeply undervalued.

Once Frontera begins reporting as a clean, high-margin, pure-play infrastructure company with zero E&P capital expenditure drag, the market is highly likely to re-rate the stock closer to standard midstream multiples.

06-01-26  carib

Victor: If Iran is actually forced to abandon any present and future nuclear development.. and hormuz re-opens for good..chapeau to DT.
If Iran cheats as always, and DT declares defeat to be victory..
quite bad outcome.
We can wait, leaving in the meantime the benefit of the doubt.
Meawhile, Israel pounces on Hamas remainders and Hetzbollah..

06-01-26  spal

MU above 1.000$ a share..

===

Yes and still well within current analyst targets.

06-01-26  victor

Seyed Abbas Araghchi

For Urgent Attention:

A ceasefire between Iran and the United States constitutes, without any ambiguity, a comprehensive ceasefire across all fronts, including Lebanon.

Any violation of this ceasefire on one front shall be considered a violation of it across all fronts.

The United States and Israel bear responsibility for the consequences of any breach of the truce.

06-01-26  victor

carib, dt posted this 9 hours ago :-))

Iran really wants to make a deal, and it will be a good one for the U.S.A. and those that are with us. But don’t the Dumocrats, and various seemingly unpatriotic Republicans, understand that it is MUCH tougher for me to properly do my job and negotiate, when political hacks keep negatively “chirping,” at levels never seen before, over and over again, that I should move faster, or move slower, or go to war, or not go to war, or whatever. Just sit back and relax, it will all work out well in the end - It always does! President DJT

06-01-26  panasonic

Savo, your buddy sells some btc

https://finance.yahoo.com/markets/crypto/articles/michael-saylor-strategy-sells-32-122554651.html

06-01-26  carib

Iran has called an immediate halt to its talks with the United States over Israel's military activity in Lebanon, the Islamic Revolutionary Guard Corps-affiliated Tasnim News Agency reported on Monday.

06-01-26  carib

Samsung el 350.000 won...

06-01-26  carib

Savo: Ireland always had a non-dom regime..I guess just because it was part of the UK when Pitt the young introduced the regime in 1799. Same goes for former colonies like Malta, Cyprus, Barbados, etc.
For "a foothold in the EU".. I maintain my opinion than Luxembourg is the right base..

06-01-26  carib

Panas: I understand, and that is very reasonable indeed..

06-01-26  carib

MU above 1.000$ a share..

06-01-26  spal

Credit has a habit of disintegrating at times.

06-01-26  spal

there is not enough money available in the world to finance this spending binge
===

Money IS credit ... so there is ... but credit can be of varied qualities ... that is all.

06-01-26  savo

https://x.com/0xsammy/status/2061341557035348458

06-01-26  savo

spal... more on the matter

i am not capable of understanding the details of this.. but it looks as sales are being inflated

which is in line with the logic of all these... there is not enough money available in the world to finance this spending binge..

but wall street and the NVIDIAs need to keep the music playing.

06-01-26  panasonic

Carib, no need in my case...I spend my few research daily hours reading abt. my core interest, aka AI and related.

Tax wise, my decision is very simple: living near my grandkids, that is where money I've made is best spent and applies only "to me".

Family-wise we already discussed, wealth tax is a no go! but won't move before facts, what else can I add that has not been said?

06-01-26  savo

liar liar


Just a few hours after President Trump boasted that the US Navy had detonated "numerous" Iranian sea mines, NBC News reported that, even after three months of warfare, the US military has yet to confirm the presence of even a single mine in the strategically critical Strait of Hormuz.

Citing two US officials and a "person familiar with the matter," NBC said relentless searches of the waterway by aerial and undersea drones haven't found any confirmed mines, merely finding some objects that might be mines. “If anything, the threat has been far less robust than we had feared,” the person "familiar with the matter" told NBC.

06-01-26  savo

carib...we knew about Barbados.. Ireland is new to me in this aspect...

gifts, inheritance... i do not expect any...my parents are gone ...my wife's already gifted.

In any case.. it is an option to add to the list if one wishes to have a tax base in the EU.

Remember I was asking for a plain vanilla non-dom regime with no stings attached... well... here it is... together with the cold and the rain..but if a few weeks per annum does the trick... it looks solid to me.

06-01-26  spal

Savo - note that the initial Colossus cluster (Musk / X-Ai) was rented to Anthropic ... does not fully neutralize Burry, but shows money is flowing.

06-01-26  carib

Panas: of course one must pay to read FT, WSJ, Bloomberg, etc.
such is life.
The FT articles reports about wealthy UK residents who have not yet left considering doing so in droves in fear of new labor leadership opting for wealth tax.
Those who left high tax jurisdictions long time ago just relaxing.

06-01-26  carib

In Barbados, resident non-domiciled individuals are not required to disclose or report their global foreign assets.Because Barbados operates on a remittance basis, foreign income and assets are strictly private as long as the funds remain outside the country. You are only subject to local taxes on foreign income if that income is remitted to (or benefits) Barbados.

06-01-26  carib

Barbados does not impose a gift tax, regardless of your residency or domicile status.
Both residents and non-domiciled individuals can give or receive gifts without incurring local gift taxes.
While there are no specific gift, estate, or inheritance taxes in Barbados, keep in mind:Income & Remittance: If you are a tax resident, non-domiciled status means you generally only pay income tax on Barbados-sourced income and any foreign income remitted (brought) to the island.
Purely unremitted foreign gifts are usually not subject to taxation.

06-01-26  carib

Savo: that is the standard way a remittance basis system works.
I much prefer Barbados to Ireland as a non-dom taxation jurisdiction, starting from the weather..

06-01-26  panasonic

Hassabis delivers good news

Https://www.google.com/amp/s/timesofindia.indiatimes.com/technology/tech-news/google-ai-ceo-demis-hassabis-has-a-message-for-laid-off-engineers-at-meta-amazon-block-and-other-companies-i-have-a-million-ideas-i-would-love-to-have-some-free-engineers-to-go-and/amp_articleshow/131434059.cms

06-01-26  savo

carib.. these guys explain it well

Remittance 101: How It Works (and How It Can Trip You Up)

Under Ireland’s remittance basis of tax, those who are residents but not domiciled in Ireland will generally be taxed on:

Irish-sourced income: Just like any other Irish tax resident.

Foreign income or gains: This is only taxed if the income or proceeds are remitted (brought) into Ireland.

This means that if you have income from abroad, you don’t necessarily have to pay Irish tax on it unless you bring it into Ireland. If you are keeping your foreign income abroad, you are likely in the clear for Irish tax, at least for now.

For example, if you purchase a holiday home in Spain before moving to Ireland and later sell it, the profits from the sale of that property might only be taxed in Ireland if the proceeds are brought into Ireland.

How Does the Remittance Work?

Remittance doesn’t just apply when foreign income is brought into Ireland. Even if foreign funds come into Ireland via indirect routes, like transferring money to cover Irish living expenses (think: credit card payments or paying rent), those funds count as a remittance and may be subject to Irish tax.

The key takeaway: only remitted foreign income is taxed. A remittance of income earned before 1 January in the year you became tax resident in Ireland should be regarded as a remittance of capital and therefore is not liable to Irish Income tax.

However, the way remittances are treated can get a little tricky when you’re dealing with accounts that hold both capital and income (often referred to as a "mixed fund").

Mixed Fund Accounts and Tax Implications

When remittances come from an account that includes both capital (money that you accumulated before becoming an Irish tax resident) and income (money earned after becoming a tax resident), Irish Revenue will assume the money is coming from the income element first. This could mean that part of your remittance is taxable, even if some of the money is capital you accumulated before your move.

To avoid this, it's highly recommended to keep capital and income in separate foreign bank accounts. This ensures that any money you bring into Ireland from your capital funds is not liable to Irish tax.

How to Make the Remittance Basis Work for You

If you are not Irish-domiciled, before you make the move to Ireland, here are a few steps to take to reduce your exposure to Irish taxation and enjoy the benefits of the remittance basis of the system:

Separate Your Capital from Your Income: Before you become an Irish tax resident, move your capital (i.e., wealth accumulated before moving) into a separate, designated bank account or investment account. This way, you can bring these funds into Ireland free of tax.

Keep Income and Capital in Different Bank Accounts: Arrange for any income paid on the capital account to be credited to a separate bank account so that remittances can be made to Ireland from the capital account free of tax as remittance from mixed accounts will be assumed to be from the income portion first and therefore may be liable to Irish income tax.

Review Your Investments: Some foreign investments might not qualify for the remittance basis of tax. It is worth reviewing your portfolio to make sure your assets are structured in the most tax-efficient way.

Consider methods to finance expenditure in Ireland: By evaluating future income streams and spending demands, the best way to finance spending in Ireland is usually to combine remitting capital (funds accumulated before becoming Irish tax resident) with foreign income (which is taxable if remitted to Ireland but if remitted at a lower level may be covered by personal allowances or taxed as low rates). It is generally preferable to bring in a small amount of income and a small amount of capital each year as opposed to living solely from capital funds for the first few years if the intention is to stay in Ireland for the long term, as the remittance of significant amounts of income in later years once the capital funds have been exhausted, may result in higher income tax liabilities.

Consider Gifting Assets: If you are thinking about gifting foreign assets to family members, doing so before you become an Irish tax resident (or within the first five years) may keep the gift outside the charge to Irish Gift Tax.

Currency Conversion: Don’t forget that exchange rates can affect the value of your remittances.

https://www.taxkey.ie/post/relocating-to-ireland-tax

06-01-26  panasonic

Recorded a cnbc interview with someone that says job market won't suffer a collapse, I had to go, so will watch it later.

To me, all goes down to how hard will be to find sources of income, no crisis no problem.

06-01-26  savo

carib.. I guess there is an easier and perfectly legal solution: remit a significant amount (say 1MM €) BEFORE taking up residence


that may not be necessary as:

Cash and capital acquired in bank accounts before you became an Irish tax resident can be brought into Ireland at any time completely tax-free.


AI

Crucial Conditions for Tax-Free Transfer

Pre-Residency Origin: The funds must have been earned or acquired before January 1 of the tax year you became an Irish resident

Avoid Mixed Accounts: If you blend pre-residency capital with post-residency income or capital gains in the same account, the Irish Revenue enforces strict ordering rules. Any money you bring into Ireland is automatically deemed to come from the taxable income portion first

Documentation: You must maintain detailed records and documentation to prove to the Irish Revenue that the funds being transferred are indeed pre-residency capital

Because the remittance basis of taxation and the definition of "clean capital" are highly complex, it is strongly advised to consult an Irish-qualified tax professional to properly structure your accounts before you trigger your Irish tax residency

06-01-26  panasonic

Tks Carib, FT has a paywall, UK reviving wealth tax?

06-01-26  carib

Panas:
https://www.ft.com/content/0194916f-c741-417d-94c8-b87aa437aee2?utm_source=chatgpt.com&syn-25a6b1a6=1

precisely as you were discussing during the week-end: the issue is moving out, for laggards..

06-01-26  pillz

Nvidia Enters Windows Laptop Market, Taking On Intel and AMD
Nvidia is taking another run at the personal computer processor market after being part of an effort that fizzled out over a decade ago.

06-01-26  carib

Savo: I suppose that is correct, about Ireland and elsewhere. Of course, there is CRS reporting, so if money is flowing out of reportable foreign accounts they see it, and can ask for documentation. Obviously one can use corporate credit cards debited to unreportable entity accounts.But if one plans to actually spend little time there, I guess there is an easier and perfectly legal solution: remit a significant amount (say 1MM €) BEFORE taking up residence, duly pay taxes on the interest of such amount, and deplete slowly the capital to fund local expenses. On the top of that, actually remit a small annual sum for decency.

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