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Ann: Finalisation of Ivy Project divestment, page-23

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    It appears that Ivy and its tax lawyers disagree. It is worth recalling that at the time the capital distribution was announced by CCA (January), CCA was still a member of IvyKoin LLC. This means that CCA had a say in this arrangement. It would therefore have been appropriate for CCA to have declared what the payment represented.
 
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