shark11
voted
Alright, so the bloody market had a bit of a rollercoaster ride today, mate. Started off in the green, but then it took a tumble back into the mixed bag it's been dishing out all day. This whole drama went down after the FOMC decided to keep their rates steady and old mate Jerome Powell had a yarn in his press conference.
The S&P 500 took a dip of 0.34%, Dow Jones went up a smidge by 0.23%, and Nasdaq didn't fare too well either...
The S&P 500 took a dip of 0.34%, Dow Jones went up a smidge by 0.23%, and Nasdaq didn't fare too well either...
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shark11
commented on
$BABA-SW(09988.HK$ In the US when a company splits up it is usually tax-free but not always. It can take a long time to do the split especially if the company requests a ruling from the tax authorities that it qualifies as tax-free. Any Chinese accountants out there who care to opine on the time it takes to do a spin-off in China? Now that I think about it, given the VIE structure, it might just be changing a few contracts.
Anyway, I have no idea how it will work and it bothers me...
Anyway, I have no idea how it will work and it bothers me...
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