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lillatroll
·Omega announces that their latest must have watch will hit the shops in September and come September it is actually in the Shops.
Anti Basel Predictions
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rob#1
·Omega releases no LE watches, Speedmaster or otherwise...
(I know, hardly plausible 🤪)
(I know, hardly plausible 🤪)
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tikkathree
·
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Longbow
·The Swatch Group announces its withdrawal from all future BaselWorld events causing the event organizers to delete the “S“ from BaselWorld as a sign of protest, thereby, inadvertently revealing the true demonic nature of the Swiss luxury watch industry...
Welcome to BaelWorld
Welcome to BaelWorld
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michael22
·The Swatch Group announces its withdrawal from all future BaselWorld events causing the event organizers to delete the “S“ from BaselWorld as a sign of protest, thereby, inadvertently revealing the true demonic nature of the Swiss luxury watch industry...
Welcome to BaelWorld
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STANDY
··schizophrenic pizza orderer and watch collectorOmega and Rolex set their differences aside, joining forces to take on their true enemy the Japanese watch making industry and release a Limited edition speedsubtonamaster
How about Brietling and Omega join forces and make a Cross between a Speedmaster and a Cosmonaut worn Brietling and call it a
Cosmomaster
(Hopefully @cicindela can whip one up for me)
Edited:
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ulackfocus
·How about Brietling and Omega join forces and make a Cross between a Speedmaster and a Cosmonaut worn Brietling and call it a
Cosmomaster
(Hopefully @cicindela can whip one up for me)
Speedmonaut rolls off the tongue much better.
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STANDY
··schizophrenic pizza orderer and watch collectorSpeedmonaut rolls off the tongue much better.
Was thinking whilst writing above yours could be
Speednaut
😁😁
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TheHoof
·Breitling to release something with a simple and restrained design.
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STANDY
··schizophrenic pizza orderer and watch collectorYou do know Dennis has a thing for Brietling
(Snapped at Mods GTG in Brisbane a few years ago.)
(Snapped at Mods GTG in Brisbane a few years ago.)
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Foo2rama
··Keeps his worms in a ball instead of a can.The Hans Wilsdorf foundation doesn't pay taxes...
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Archer
··Omega Qualified WatchmakerWhich fully owns Rolex. Not trying to argue with you or put down Rolex. And I acknowledge Swiss laws are much different then UK,US, and Canadian laws in regards to this. But everything I’ve read is they pay no taxes as a corporation and they have never released any data nor data on donations.
You initially characterized them as a "non-profit charity." Because they may not pay taxes on that profit, doesn't mean the profit does not exist.
It puzzles me why people keep bringing up this idea that Rolex is not a for profit company. Is it to somehow feel good about buying a Rolex? Is it to somehow paint Rolex in a better light than other watch companies? I don't know, but if they pay taxes or not is between them and the Swiss government, and to an extent the Swiss citizens. But they are in every respect a company that exists to make profits, and they are very good at it.
I don't know the answer to this, but it would be interesting to know if Rolex USA (a wholly owned subsidiary of Rolex sa) pays US taxes on the profits they generate - I suspect they do. They may not pay Swiss taxes on the profits they shuffle off to Switzerland, but I would be surprised if the US government doesn't get any tax revenue from their operations in the US. In that same way, I do understand that the Hans Wilsdorf foundation doesn't pay taxes and that they own the corporation, but what I'm not clear on is if that is just on whatever money Rolex sa moves up the food chain to them. My gut tells me that Rolex sa as a corporation will pay taxes, but whatever part of their income they transfer to the Wilsdorf foundation (and any money made on that money as it is invested) is not taxed. To me this makes much more sense than basically a company making and selling luxury watches getting off without paying any tax. If that really is the case that they pay zero tax, and I was a Swiss citizen, I would be marching in the streets doing my best to get that situation changed...
Cheers, Al
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Foo2rama
··Keeps his worms in a ball instead of a can.You initially characterized them as a "non-profit charity." Because they may not pay taxes on that profit, doesn't mean the profit does not exist.
It puzzles me why people keep bringing up this idea that Rolex is not a for profit company. Is it to somehow feel good about buying a Rolex? Is it to somehow paint Rolex in a better light than other watch companies? I don't know, but if they pay taxes or not is between them and the Swiss government, and to an extent the Swiss citizens. But they are in every respect a company that exists to make profits, and they are very good at it.
I don't know the answer to this, but it would be interesting to know if Rolex USA (a wholly owned subsidiary of Rolex sa) pays US taxes on the profits they generate - I suspect they do. They may not pay Swiss taxes on the profits they shuffle off to Switzerland, but I would be surprised if the US government doesn't get any tax revenue from their operations in the US. In that same way, I do understand that the Hans Wilsdorf foundation doesn't pay taxes and that they own the corporation, but what I'm not clear on is if that is just on whatever money Rolex sa moves up the food chain to them. My gut tells me that Rolex sa as a corporation will pay taxes, but whatever part of their income they transfer to the Wilsdorf foundation (and any money made on that money as it is invested) is not taxed. To me this makes much more sense than basically a company making and selling luxury watches getting off without paying any tax. If that really is the case that they pay zero tax, and I was a Swiss citizen, I would be marching in the streets doing my best to get that situation changed...
Cheers, Al
I think we agree on this. Although I see it more as people think Rolex is cheating the system other then doing good work.
While I’ve got no idea what aspects like Rolex USA would pay in taxes. Everything I’ve read about the main company and the foundation is almost all money is retained or goes up to the foundation. Where else does the money go? There are no shareholders, no other outlet for the money.
Also I’ve read a few articles through the years that the Swiss people have been pretty upset over the tax exempt status of the company.
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