Marlene Olsen from First Private Equity Group explains to Nikolai Alfsen the process regarding his tax status and the withholding of funds related to a recent share sale. Olsen clarifies that Alfsen does not owe tax on the sale, but due to the lack of determination of his tax status, funds cannot be released. A Qualified Foreign Intermediary (QFI) is involved to withhold a potential tax liability amount until a tax status ruling is made. Alfsen questions the transfer of funds to Rupert Dreyfus and a bank in Hong Kong.
documents/EFTA01237453.pdf
{}