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> They took an investment of 70M at a valuation of 1000M, in a country that has a well-known 1% tax of valuation, but they failed to write payment of that tax i
by decimalenough 17d ago
> They took an investment of 70M at a valuation of 1000M, in a country that has a well-known 1% tax of valuation, but they failed to write payment of that tax into the funding papers and fled the country to dodge a 10M annual tax bill.
The tax bill is 10M only if they control 100% of the shares. Given that they've taken funding from at least 15 investors/VCs, this is clearly not the case.
https://tracxn.com/d/companies/dune-analytics/__XskUZos4lkfEOnTJIbC-1n9WdooVINLFPRtWW9pdZC4/funding-and-investors https://tracxn.com/d/companies/dune-analytics/__XskUZos4lkfE...
- like_any_other 17d agoThat's unrelated to my question.