- 67 -
fiscal year. The agreement stated that the payment was to be
paid in return for services that MTNV provided to MANV regarding
the:
technique in marketing, promotion and publicity of a
dinner tournament business, and for taking its
representation to assist in fairs, conventions and
other mass meetings relating to the business of M.A.
[MANV], with enough powers and authorization to
contract in the name of M.A., travel agency groups,
company groups and others, always under the economical
conditions marketed by M.A.
The payment was to be due “not later than one year after the
filing by M.A. [MANV] of its 1986/1987 Tax Return to the Internal
Revenue Service in the USA.” MANV filed its 1986 Federal tax
return on June 7, 1988.
A fax cover sheet dated June 22, 1989, from Onate to Bertha
Moreno at MANV/MDT stated: “We are faxing you the Agreement
regarding the invoice of US $236,313.30 for Marketing Consulting
between Medieval Times and Medieval Attractions.” Onate sent to
Mary Ann Powell at MDT/MANV a letter dated July 3, 1989, in which
Onate enclosed a copy of the marketing agreement for her files.
MDT/MANV paid to MSI/MTNV $236,313.30 by check dated July 3,
1989. The check reflected an amount equal to 10 percent of MDT’s
profits after taxes as stated on MDT’s fiscal year 1986
(December 1, 1986, to November 30, 1987) Federal tax return.
XI. Commercial Paper
During 1987, the U.S. Treasury Department announced its
intention to terminate several of the tax treaties that existed
between the United States and the Netherlands Antilles. The
Page: Previous 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 NextLast modified: May 25, 2011