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Originally posted by Kevin Beaman
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Relevant excerpt copied below from an email sent to IvyKoin token holders on 1 July by Markie Bryant, owner of IvyKoin LLC. Note too that information regarding this tax exposure was made public by IvyKoin in a video published to token holders in April. The tax assessment raised on IvyKoin LLC by both Federal and State tax authorities would likely have been known in late 2018.Tax Obligation The Ivy operating agreement stated that parent company CCA would absorb all ofIvy’s income tax liability for the year ending December 31, 2018. That taxliability is now estimated to be in the range of $2.7m - $3.5m.
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i read nothing in the CCA reports that say CCA was the "parent company" of Ivy. The 2018 annual report says:Ivy is not controlled by Change Financial Limited (“CFL” ) at year end, however is subject to significant influence.
Last edited by
ddzx :
03/10/19
