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Enron Mail |
Sara,
As we discussed, attached is the memo that I wrote last September on the tax implications of having a financial trader in Sydney. As you will note, we followed a service fee approach to reimburse the Sydney office on a cost-plus basis for the costs incurred by the financial trader (including his remuneration). Important in this arrangement is that the Sydney financial trader is not the principal in the trades but is only acting in a preparatory or auxiliary manner for the ENA financial trades. As we discussed yesterday, I will forward the latest draft of the service agreement to you by e-mail. David, could you send Sara and me conforming copies of the executed agreement? Also, we should probably also discuss the status of the documentation relating to these trades. I will be happy to discuss this memo with you in more detail at your convenience. Best regards, Susan ---------------------- Forwarded by Susan Musch/ENRON_DEVELOPMENT on 04/12/2000 08:21 AM --------------------------- Susan Musch 09/15/99 05:02 PM To: Colin Jackson@ECT, Alan Aronowitz/HOU/ECT@ECT, Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gary Hickerson/HOU/ECT@ECT, Harry Arora/HOU/ECT@ECT, Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shari Stack@ENRON_DEVELOPMENT cc: (bcc: Susan Musch/ENRON_DEVELOPMENT) Subject: Australian Financial Trader Tax Issues - Revised Memo Attached is the revised memo on the Australian Financial Trader Tax Issues. (Note you will find the changes in the background section of the memo.) Please let me know if you have any questions or need any additional information. Best regards, Susan
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