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| DNF Addict Name: James Last Online: Today 06:21 PM iTrader: (48) Join Date: Jan 2006
Posts: 3,899
DNF$: 964 Location: UK
Country: | Sales real or not? After looking at this weeks sales on DNJ, particularly the top sale - I wonder what percentage of medium to large domain sales are just cash grabs by company owners / directors wanting to get funds out of their businesses? I'm not insinuating that this is the case with this name, but that you can basically sell any name, for any amount of money, and who's to say it's not kosher? Another thing - it surely can't be long before muni-lorndering* inspectors come down heavily on the domain industry, and what implications will that have for us? * don't want the post indexed for the term. |
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| | #3 (permalink) | |
| Last Online: Yesterday 07:14 PM iTrader: (106) Join Date: Sep 2004
Posts: 3,654
DNF$: 12,034 Location: USA
Country: | Quote:
Possible impact on us is that one day the domain industry could more look like the real estate indsutry with a more formal legal/paper process. | |
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| | #4 (permalink) | |
| DNF Addict Name: James Last Online: Today 06:21 PM iTrader: (48) Join Date: Jan 2006
Posts: 3,899
DNF$: 964 Location: UK
Country: | Quote:
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| | #6 (permalink) | |
| DNF Addict Name: James Last Online: Today 06:21 PM iTrader: (48) Join Date: Jan 2006
Posts: 3,899
DNF$: 964 Location: UK
Country: | Quote:
You know accounting very well? I guess that's why accountants spend all their time counting other peoples money... | |
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| | #7 (permalink) |
| Bloody lovely Last Online: Today 08:38 PM iTrader: (393) Join Date: Feb 2004
Posts: 23,749
DNF$: 3,475 Location: USA
Country: | The cost of acquisition of the domain can easily be tagged as an expense, if the company's function is not to otherwise buy/sell domains. So I would think that it's possible.
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| | #9 (permalink) | |
| DNF Addict Name: James Last Online: Today 06:21 PM iTrader: (48) Join Date: Jan 2006
Posts: 3,899
DNF$: 964 Location: UK
Country: | Quote:
Joe Shmo owns a cash rich company and wants to get some cash out without paying tax on it. He sets up a 'no questions asked' company in a friendly jurisdiction that buys a domain name that is pertinent to his business. This company places the name for sale with say, Sedo. His company buys the name through Sedo at a greatly inflated price. He gets a receipt from Sedo for the amount paid. Sedo pay the offshore company. He now has a bundle of cash in an offshore bank, and his company has a domain that gets 10 hits a week! Get it? | |
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| | #13 (permalink) | |
| Success Is My Only Option Last Online: 11-06-2009 11:14 AM iTrader: (43) Join Date: Jul 2008
Posts: 4,229
DNF$: 27,095 Location: Italy
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| | #15 (permalink) | |
| Last Online: Yesterday 07:14 PM iTrader: (106) Join Date: Sep 2004
Posts: 3,654
DNF$: 12,034 Location: USA
Country: | Quote:
http://en.wikipedia.org/wiki/Enron "legit" until caught. | |
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| | #16 (permalink) |
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Country: | Unfortunately, fake sales take place in the art world everyday. The art dealers inflate prices ten-fold
__________________ Jā”Travel WhatName.com - DN Observer |
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| | #18 (permalink) | |
| Last Online: Yesterday 07:14 PM iTrader: (106) Join Date: Sep 2004
Posts: 3,654
DNF$: 12,034 Location: USA
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| | #19 (permalink) | |
| Platinum Lifetime Member Last Online: 10-19-2009 11:30 PM iTrader: (9) Join Date: May 2008
Posts: 114
DNF$: 100 Location: USA | Quote:
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| | #20 (permalink) | |
| DNF Addict Name: James Last Online: Today 06:21 PM iTrader: (48) Join Date: Jan 2006
Posts: 3,899
DNF$: 964 Location: UK
Country: | Quote:
I'm certain that most are genuine. But I'm also pretty sure that some aren't. | |
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