Anorak News | Buying Shares With Australia’s Mr Bud Gerigar

Buying Shares With Australia’s Mr Bud Gerigar

by | 13th, November 2008

THIS native Australian has made his first purchase is in reputable listed company Downer EDI.

He receives a welcome letter from Downer EDI company secretary Stephen Mockett: Dear, Mr Bud Gerigar ….

As The Age notes:

Holding shares under false names can help in tax avoidance and money laundering. The extent of off-market transfers of shares to fake identities and the amount of tax revenue lost in Australia as a result remains a mystery.

If only they’d have used Mr Parrot instead. He’d have talked, wheras Mr Bud Gerigar only tweets.

Read on…

Posted: 13th, November 2008 | In: Money Comment (1) | TrackBack | Permalink