Mad Chemist
Member
From Forbes. I will edit to provide complete source cite. It's called intellectual honesty.
Top Gun
By Dyan Machan | Mar 31 '03
It should be noted that production costs in Austria
amount to US$ 115-130 and that the inter-company selling price is
around US$ 200 ( The end-user price around 450-500 USD). Since the
margin of US$ 70-85 per unit produced is enormous, the profit is
taxable in its entirety. In fact, and according to the contract, 14%
of the volume produced went into Unipatent Holding and must have been
transferred into Mr Gaston Glock's private accounts. Thus Mr Gaston
Glock has seen his fortune go from nothing to about US$ 100,000,000
in 1998 in the accounts of the Ferrier & Lullin Bank of Luxembourg.
Link to full article.https://www.keepmedia.com/Auth.do?extId=10022&uri=/archive/forbes/2003/0331/064.html
Now to the best of my knowledge Forbes is a reputable source on business matters. Sure it's not a peer reviewed journal but it is the best I could do on short notice.
Joab, you can do better than that. I don't have a glass jaw.
JH
Top Gun
By Dyan Machan | Mar 31 '03
It should be noted that production costs in Austria
amount to US$ 115-130 and that the inter-company selling price is
around US$ 200 ( The end-user price around 450-500 USD). Since the
margin of US$ 70-85 per unit produced is enormous, the profit is
taxable in its entirety. In fact, and according to the contract, 14%
of the volume produced went into Unipatent Holding and must have been
transferred into Mr Gaston Glock's private accounts. Thus Mr Gaston
Glock has seen his fortune go from nothing to about US$ 100,000,000
in 1998 in the accounts of the Ferrier & Lullin Bank of Luxembourg.
Link to full article.https://www.keepmedia.com/Auth.do?extId=10022&uri=/archive/forbes/2003/0331/064.html
Now to the best of my knowledge Forbes is a reputable source on business matters. Sure it's not a peer reviewed journal but it is the best I could do on short notice.
Joab, you can do better than that. I don't have a glass jaw.
JH