29 Nov '15, 1pm

TIL that Rolex & Tudor are owned by Hans Wilsdorf Foundation, which is registered as a charitable foundation and s…

When you say Rolex is owned by the charity - does it mean that Rolex is a corporation controlled by the charity. This would mean that Rolex Corp would pay its taxes and has nothing to do with the parent company which happened to be a charity. EDIT: looking at their Wiki page, it looks like Rolex Corp was started by the founder and then his shares were transferred into the Foundation. I assume it's for tax and estate planning so the founder doesn't get screwed with taxes at the time of death. With regards to the Charity owning those shares, it doesn't mean shit. Not sure in Swiss, but in Canada, a foundation needs to spend certain percentage of its income on charitable causes otherwise it looses its Charity status. In case you think that the founder can now just give all this money to himself tax free - you are mistaken. Any draws or wages from the charity to him personally...

Full article: https://www.reddit.com/r/todayilearned/comments/3upldx/ti...

Tweets

The Frog Temptation: just for the pleasure ... ...

watchprosite.com 02 Dec '15, 10pm

If you feel that this is in error, you may contact us by first using the following form. If you have trouble reading the t...

just arrived https://t.co/PIWclb3LIo #Rolex @Ro...

watchprosite.com 04 Dec '15, 3pm

If you feel that this is in error, you may contact us by first using the following form. If you have trouble reading the t...

Who can resist a Sea-Dweller at this time of year?

watchprosite.com 07 Dec '15, 6pm

If you feel that this is in error, you may contact us by first using the following form. If you have trouble reading the t...

Singapore-based foundation to build 5 schools in India

Singapore-based foundation to build 5 schools i...

SINGAPORE: A leading global education foundation started by Non-Resident Indians in Singapore today said it was planning t...

Singapore-based foundation to build 5 schools in India

Singapore-based foundation to build 5 schools i...

oneindia.com 28 Nov '15, 8am

Singapore , Nov 28: A leading global education foundation started by Non-Resident Indians in Singapore today said it was p...

Tax dogers. https://t.co/nJ3nCScw88

businessinsider.com 29 Nov '15, 2pm

Larisa Martynova, the chief executive of Polyot-Chronos, describes the current situation: “The 1st Watch Factory as it was...

It's #IntlCheetahDay! See what we're doing to help #SaveTheCheetah: https://t.co/nCWTUQ66Cl https://t.co/dzmVreqCPh

It's #IntlCheetahDay! See what we're doing to h...

awf.org 04 Dec '15, 3pm

The cheetah is a fast but timid predator. Cheetahs usually prey on small antelopes such as Thomson's gazelles and impalas,...

ADIDAS SUPERSTAR FOUNDATION (ROYAL) https://t.co/7Ux6WIjN1g #sneakers #kicks #sneakerfreaker

ADIDAS SUPERSTAR FOUNDATION (ROYAL) https://t.c...

sneakerfreaker.com 01 Dec '15, 11pm

We’ve said it once, we’ve said it twice, WE WILL SAY IT A THOUSAND MORE TIMES, THIS IS WHAT A CLASSIC LOOKS LIKE, PEOPLE! ...