Temasek selling Merrill Lynch at a loss
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Originally posted by maurizio13:
It's actually quite hopeless, he will oppose for the sake of opposing regardless of the facts.A Gazelle will always be a Gazelle.
Maurizio, I am sure you know that we know that what you have suggested earlier is pure bullshit and thats why you have been quietly flipping roti plata isnt it? -
Love prata, gonna buy.
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Originally posted by Beautiful951:
I love roti prata. In fact, i'm going to see if they sell some.
where do they sell nice prata?last time the jalan kayu prata nice.
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Originally posted by maurizio13:
where do they sell nice prata?last time the jalan kayu prata nice.
I like the one in tampines. The tissue prata. -
Originally posted by Beautiful951:
I like the one in tampines. The tissue prata.
never try b4, where the stall?the curry nice?
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Originally posted by maurizio13:
where do they sell nice prata?last time the jalan kayu prata nice.
OFF TOPIC ALERT!! -
Originally posted by maurizio13:
never try b4, where the stall?the curry nice?
In tempines central. Curry is quite nice one. Somewhere there la. I think. Hehe not sure. But then I think only open at night
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Originally posted by Beautiful951:
In tempines central. Curry is quite nice one. Somewhere there la. I think. Hehe not sure. But then I think only open at night
wahraoz!wait i go can't find, waste my time there.
i think somebody here don't like prata
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Originally posted by maurizio13:
wahraoz!wait i go can't find, waste my time there.
i think somebody here don't like prata
Hmm ok. But I don't know if the shop lasts through the night though. -
Originally posted by Beautiful951:
Hmm ok. But I don't know if the shop lasts through the night though.
ok. will go check it out when i feel the urge. -
Originally posted by maurizio13:
ok. will go check it out when i feel the urge.ok
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the Bugis Junction there also got prata
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Originally posted by eagle:
the Bugis Junction there also got prata
Everywhere also have. Only depends on where nice. -
Originally posted by Beautiful951:
Everywhere also have. Only depends on where nice.looks not bad leh... seems like quite a lot of pple buy
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Originally posted by eagle:
looks not bad leh... seems like quite a lot of pple buy
Good. I go where the food is. -
Originally posted by eagle:
the Bugis Junction there also got prata
if it's the prata that shifted from the basement foodcourtit's so so only leh.
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Originally posted by maurizio13:
if it's the prata that shifted from the basement foodcourtit's so so only leh.
I not sure leh... I think the name of the store is Mr Prata or something like that
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Originally posted by eagle:
I not sure leh... I think the name of the store is Mr Prata or something like that
A fitting name indeed. -
UNCERTAIN,
See my commment in blue
Originally posted by Uncertain:a) Even taking into consideration of FRS 10.8, how can you justify to IRAS you need to pay 50% of the company's profit to someone who never exisit in your company during FY07? We are talking about a shareholder here, not some bad debts provision, WIP, stocks adjustment, assets reclassification etc.
You mean one cannot split his shares into various equal parts to his sons? wife? Even singapore television show got show father split his shares to his sons.Is there a need to justify to IRAS about the stock transfer? Got then show link.
If you have been reading with your eyes open, I am sure you wont be asking me such irrelevant question because I was never interest to know if you could split a sole proprietor company into partnerships with 10,000 shareholders and a zillion shares.
Since you claim to know so much about accounting and all that FRS, I am surprise that you are not aware the for a sole proprietor company IRAS doesnt tax your company's income but rather treat it as part of your personal income and is subject to the normal personal income tax (not corporate tax)
So my question to you again is, how can you justified to IRAS that you need to split your PERSONAL income (which is also your company income) with someone who never exist in your company in the last financial year?
b) How would you do your income tax filing since, for Sole proprietor, you can only file through your personal income tax returns, while for a partnership company you must file through a Company Income tax returns which will send to the company seperately at the end of first financial year?
Show me the link to substantiate your point that sole proprietor declare income tax via personal income tax and partnership declare income via company income tax.
WAH for someone who can come here to tell me what is post balance sheets event, FRS10.8 etc, still have the cheek to ask me for the link? And the best part here is that, he didnt even realised that I have already posted the damn link for him.
So I guess your early comment was nothing more than some big talking huh? Or are you thinking that you could simply come here and walk all over me?
I didn't jump into any conclusion. Open ur eyes big big and read what I comment. I merely doubt your sentence on "sole proprietorship switch to partnership" with FRS 10.8.
The only thing u can challenge me and any other forumers here is contradict FRS 10.8 principle which i use against u in the argument why one can evade tax liability by transfering shares.
How could you not be jumping into conclusion when you dont even know that filing of income tax return for sole proprietor and partnership companies are different, and when this is the main issue with Maurizio13 suggestion of switching the company to a partnership to take advantage the lower taxes? Are you trying to act like some HERO by talking about something that is not related to what we are talking about here?
Since you are insisting that Maurizio13 suggestion is technically and legally possible, why dont you go straight to the point of answering my questions and concern instead of trying to brag about your FRS 10.8
If you have problem understanding what Maurizio13 was saying you can always ask you know. It is better to ask than pretending to know.
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Originally posted by Uncertain:
haha maurizio13, I know what u mean. I just enjoy arguing with "I am aware of", "u are wrong", "u don't jump into conclusion" kind of people. Once i get bored, i will leave this fool for other stuffs.but for now, I enjoy flaming him. :D
It is obvious that you dont even know what we are discussing here and all you are doing is commenting on something which is tototally irrelevant to what we are talking here.
I believe the time you are leave this thread is when you are helpless in defending yourself and ofcourse you will want to say you are bored because it will make you look great isnt it?
Just like Maurizio13 who is now diverting his interest to Roti Plata so that he could cover up his nonsensical idea of tax evasion.
(Opss, maybe according to you and your FRS 10.8, it makes alot of sense, but I believe many people must be wondering why you have refused to comment on it, despite the fact that it is the main topic of our discussion here)
Like I have said, if you are not sure about what Maurizio13 is saying, please ask and dont pretend to know.
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Originally posted by O o O o:
It is obvious that you dont even know what we are discussing here and all you are doing is commenting on something which is tototally irrelevant to what we are talking here.
I believe the time you are leave this thread is when you are helpless in defending yourself and ofcourse you will want to say you are bored because it will make you look great isnt it?
Just like Maurizio13 who is now diverting his interest to Roti Plata so that he could cover up his nonsensical idea of tax evasion.
(Opss, maybe according to you and your FRS 10.8, it makes alot of sense, but I believe many people must be wondering why you have refused to comment on it, despite the fact that it is the main topic of our discussion here)
Like I have said, if you are not sure about what Maurizio13 is saying, please ask and dont pretend to know.
Obviously, u didn't seems to comprehend what I am saying.U claim that u show me the link, where is it? the IRAS site ar... my sis also know how to go leh. I close two eyes, type google.com then IRAS also can go there leh.
I leave this thread because my NTU term has started. No point arguing with u cos u DON'T EVEN DARE TO SHOW ME THE EXACT LINK TO WHAT U ARE CLAIMING. If u forget what u claim, let me remind u that PROVE TO ME, THERE IS A NEED TO JUSTIFY TO IRAS FOR ONE TO SPLIT HIS SHARES AMONG HIS FAMILY MEMBERS.
I never deny that I am inferior to anyone in the very first place. Continue twist ur words and evade my question (highlighted in BLUE). For the more u do (which eagle and Maurizio13 has warned me), the more happy I feel cos I saw a troll trying to act smart in front of a business undergraduate here.
U, O o O o, have no bloody idea what is FRS and business law, then stop saying I know nuts. I have read every post here... from the every starting which u challenge jojo about property, Maurizio13 for predicting ML stock price movement and sole proprietorship stuff.
I think u are suffering from selective reading disorder... if u dun know, well it means u only read u want to read and ignore what is indeed the most important.
Well.. let's see ur next post got show this symptons a not.
See doctor fast and stop posting nonsense in this forum.
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Originally posted by O o O o:
OFF TOPIC ALERT!!well don't go off topics guys. Do ML's foodcourt sell roti prata?
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Uncertain,
I believe you should stop trying to divert our discussion to your text book business law and FRS because that in the first place is irrelevant to what we are talking about here.
a) Even taking into consideration of FRS 10.8, how can you justify to IRAS you need to pay 50% of the company's profit to someone who never exisit in your company during FY07? We are talking about a shareholder here, not some bad debts provision, WIP, stocks adjustment, assets reclassification etc.
You mean one cannot split his shares into various equal parts to his sons? wife? Even singapore television show got show father split his shares to his sons.Is there a need to justify to IRAS about the stock transfer? Got then show link.
If you have been reading with your eyes open, I am sure you wont be asking me such irrelevant question because I was never interest to know if you could split a sole proprietor company into partnerships with 10,000 shareholders and a zillion shares.
Since you claim to know so much about accounting and all that FRS, I am surprise that you are not aware the for a sole proprietor company IRAS doesnt tax your company's income but rather treat it as part of your personal income and is subject to the normal personal income tax (not corporate tax)
So my question to you again is, how can you justified to IRAS that you need to split your PERSONAL income (which is also your company income) with someone who never exist in your company in the last financial year?
b) How would you do your income tax filing since, for Sole proprietor, you can only file through your personal income tax returns, while for a partnership company you must file through a Company Income tax returns which will send to the company seperately at the end of first financial year?
Show me the link to substantiate your point that sole proprietor declare income tax via personal income tax and partnership declare income via company income tax.
WAH for someone who can come here to tell me what is post balance sheets event, FRS10.8 etc, still have the cheek to ask me for the link? And the best part here is that, he didnt even realised that I have already posted the damn link for him.
So I guess your early comment was nothing more than some big talking huh? Or are you thinking that you could simply come here and walk all over me?
I didn't jump into any conclusion. Open ur eyes big big and read what I comment. I merely doubt your sentence on "sole proprietorship switch to partnership" with FRS 10.8.
The only thing u can challenge me and any other forumers here is contradict FRS 10.8 principle which i use against u in the argument why one can evade tax liability by transfering shares.
How could you not be jumping into conclusion when you dont even know that filing of income tax return for sole proprietor and partnership companies are different, and when this is the main issue with Maurizio13 suggestion of switching the company to a partnership to take advantage the lower taxes? Are you trying to act like some HERO by talking about something that is not related to what we are talking about here?
Since you are insisting that Maurizio13 suggestion is technically and legally possible, why dont you go straight to the point of answering my questions and concern instead of trying to brag about your FRS 10.8
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Originally posted by Uncertain:
well don't go off topics guys. Do ML's foodcourt sell roti prata?
The irony is, O o O o aka Gazelle's talk about property and taxes was already off topic.
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Originally posted by maurizio13:
The irony is, O o O o aka Gazelle's talk about property and taxes was already off topic.
I guess we all realised that when Gazelle knows he's on the losing end, he will tell people not to brag.