To: joan
"I invested 1.5 million euro in this factory," said the owner of the HUGOS brewery in Kamenica, 70 kilometres south-east of Pristina. "It was all the money I saved from 12 years working in Sweden How could an immigrant make 1.5 million in 12 years? It's extremely unlikely he did it through legal means. Does Sweden have problems with the Albanian mafia like Britain does?
3 posted on
05/15/2004 3:12:11 PM PDT by
Seselj
To: Seselj
Maybe some of the money was in loans?
I posted this thread to show the artificial barriers to trade caused by the creation of these little statelets. A great deal of the goods they import (and they have to import 90%) are from Serbia, only now there are customs duties and more bureaucracy involved.
4 posted on
05/15/2004 3:22:13 PM PDT by
joan
To: Seselj
Assume 8% interest over 12 years.
Start with $100,000 and add $65,000 per year to the savings. To do this the person would need to have enough income between himself and his wife to live in Sweden. Assuming a comfortable lifestyle of 65,000 per year and assuming a 40% tax burden, the annually household income would need to be somewhere about $216,000. Possible of both were in the 100K / year.
All so possible was that he built a business then sold it. I know of firms that have gone from revenue streams of nothing to $30 million in 8 years mostly through hustle and good people. Considering that you normally get paid 3 years worth of revenue for a business, a $500,000 / year business would not be hard to build in 12 years. Even if you calculated on earnings, normally 20 X 1 years earnings, the business would only need to be providing $75,000 per year in profits. Not easy but not impossible.
Just pointing out that it is quite possible.
6 posted on
05/15/2004 3:31:15 PM PDT by
taxcontrol
(People are entitled to their opinion - no matter how wrong it is.)
To: Seselj
There is some, like in all of Europe.
It only says he worked 12 years in Sweden, doesn't say when. The longer time ago, the more probable it was legal.
7 posted on
05/15/2004 3:32:47 PM PDT by
SwedeCon
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