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cambridgealex
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« Reply #15 on: July 25, 2012, 10:30:40 AM » |
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3% at 1.22 please Goulden Boy
MC took 10% at 1.4 so 1.41 is the minimum price now So I assume that means the reserve is above 1.41?  Yes |
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Poker goals:
[ ] 7 figure score
[X] 8 figure score
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cambridgealex
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« Reply #16 on: July 25, 2012, 10:35:39 AM » |
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2.5% @ 1.42 in your auction please sir.
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Poker goals:
[ ] 7 figure score
[X] 8 figure score
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redsimon
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« Reply #17 on: July 25, 2012, 10:45:12 AM » |
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2% @ 1.59 please
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rfgqqabc
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« Reply #18 on: July 25, 2012, 10:49:48 AM » |
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2.5% 1.52
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[21:05:17] Andrew W: you wasted a non spelling mistakepost?
[21:11:08] Patrick Leonard: oll
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Rupert
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« Reply #19 on: July 25, 2012, 11:04:18 AM » |
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Probably worth mentioning that TAX INFORMATION
According to prevailing Colombian taxation policy, all tournament winnings are subject to a percentage tax withholding. That withholding is 20% for winnings over COP 1.250.000 (approximately). Official receipts will be issued. |
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smashedagain
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« Reply #20 on: July 25, 2012, 11:06:15 AM » |
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Amy new dates on business launch?
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[ ] ept title
[ ] wpt title
[ ] wsop braclet
[X] mickey mouse hoodies
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cambridgealex
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« Reply #21 on: July 25, 2012, 11:07:15 AM » |
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Probably worth mentioning that TAX INFORMATION
According to prevailing Colombian taxation policy, all tournament winnings are subject to a percentage tax withholding. That withholding is 20% for winnings over COP 1.250.000 (approximately). Official receipts will be issued. Did not see that. Yikes that's a lot  Not sure how to proceed... |
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Poker goals:
[ ] 7 figure score
[X] 8 figure score
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cambridgealex
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« Reply #22 on: July 25, 2012, 11:12:54 AM » |
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I assume you can get that back?
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Poker goals:
[ ] 7 figure score
[X] 8 figure score
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Rupert
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« Reply #23 on: July 25, 2012, 11:13:58 AM » |
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I assume you can get that back?
Don't think UK has any tax treaties with Columbia |
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pleno1
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« Reply #24 on: July 25, 2012, 11:17:28 AM » |
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20% wtf cant be right?
pretty sick, did it tell you when you regged for the comp initially?
Still +ev to play ldo.
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Worst playcalling I have ever seen. Bunch of fucking jokers . Run the bloody ball. 18 rushes all game? You have to be kidding me. Fuck off lol
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cambridgealex
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« Reply #25 on: July 25, 2012, 11:19:44 AM » |
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I have to go out for the day now and won't be able to get online. Didn't know about this beforehand of course, and although no they didn't say when you regged, I'm sure it's in there somewhere - I didn't think to look |
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[ ] 7 figure score
[X] 8 figure score
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Rupert
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« Reply #26 on: July 25, 2012, 11:26:50 AM » |
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Yeah LAPTs notorious for joke taxes |
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smashedagain
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« Reply #27 on: July 25, 2012, 12:02:51 PM » |
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Try winning the wsop and living in Denmark. Thats a joke
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[ ] ept title
[ ] wpt title
[ ] wsop braclet
[X] mickey mouse hoodies
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redsimon
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« Reply #28 on: July 25, 2012, 12:51:28 PM » |
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I assume you can get that back?
Don't think UK has any tax treaties with Columbia Just checked with HMRC. No tax Treaty between UK and Columbia |
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cambridgealex
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« Reply #29 on: July 25, 2012, 05:15:28 PM » |
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OK, I've thought of two ways of proceeding. Perhaps current bidders / anyone with a strong opinion either way could comment and I'll decide what to do tonight.
1) Cancel the auction and restart it tomorrow with everybody aware about the 20% tax
2) Continue the auction with the bids as they are and deduct 20% of the markup at the end. I don't know whether than means that 1.8 actually = 1.44 or 1.64, haven't got my head round that part yet, but in essence, you'll get a fair rate to reflect the tax.
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Poker goals:
[ ] 7 figure score
[X] 8 figure score
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