With A $38,500 Offer in Hand, FiscalCliff.com Is On The Brink Of Sale Or Launch

We wrote about the domain name FiscalCliff.com just about a month ago asking if it was the best hand registered domain of 2012.

Well we may soon find out how good of a registration it turned out to be.

I reached out to the owner of the domain Kenneth P. Carey of Grand Rapids who told me that there are 6 bidders currently for the domain, with a high bid as of time of publication of $38,500 for the domain.

Mr. Carey told thedomains.com:

“The bidding on FiscalCliff.com continues, although it is interesting to note that the make-up of those involved now includes not only political superpacs but financial planners, brokerage houses and media outlets.”

“Our web team is working on a totally new financial web-site to provide up to the minute news concerning all topics “Fiscal Cliff” involves should the bidding not meet our reserve of $40,000″

“US. Current bid is $38,500.”

“Reserve price expires 12-13-2012 @6pm EST, At that time the domain will go LIVE, with Twitter, Facebook, Linkedin and other social media feeds, financial planning links and related blogs.”

“We truly believe the phrase “Fiscal Cliff” is a valuable asset , and that other interested parties (6) share our assessment.”

“One thing for certain, it’s sure to be a bonanza for financial service firms, tax advisors, accountants, lawyers, media companies, the list goes on and on. Take a minute to consider the unintended consequences of the sweeping changes about to occur. A deal on the fiscal cliff is sure to include a change in the CPI to the newer Chained CPI. What will that mean for wage increases and social security inflation adjustments?”

“What else is in store for us? A progressive fiscal cliff is now being proposed to political think-tanks. The term “Fiscal Cliff” will be as relevant ten years from now as it is today.

As we noted when we first wrote about the domain name, FiscalCliff.com was hand registered in April of this year.

The domain name FiscalCliff.com has an Alexa rank of 395,000 in the US.

Comments

  1. rafael says

    I would vote gangnamstyle.com as a more valuable hand reg from 2012.
    gangnamstyle will stick around longer especially when they pass 1 billion youtube views.
    The term ‘fiscal cliff’ will disappear in a few weeks after the new tax structure is worked out.

  2. Louise says

    My name, TaxElitism, is the best hand reg. It will take YEARS to minimize the damage and end tax elitism. With eBay and Apple leading the way using creative bookkeeping to pay the least taxes, and Microsoft, Google, and Amzon closely following, selecting Singapore, Sweden, the Netherlands and Ireland as their distribution centers for companies that reside – on paper – in Bermuda and the Caymans, the above pay the least taxes in Europe, while shielding that income from the US. It makes Walmart, which pays near 24% in corporate taxes, look absolutely saintly in comparison!

  3. Louise says

    Not to mention Starbucks. UK residents are frothing mad . . . Starbucks paid England $13.74 million on sales of approx 4.9 BILLION in 13 years. Let’s break that down: 13.74/4900 x 100 = 0.28% or approx 0.3 percent! Nice! Starbucks reported a loss there every year, yet its COO and CFO told analysts:

    2007: UK unit’s profits were funding Starbucks’ expansion in other overseas markets. Then-Chief Financial Officer Peter Bocian said the unit had enjoyed operating profit margins of almost 15 percent that year – equivalent to a profit of almost 50 million pounds.

    2008: Starbucks filed a 26 million pounds loss in the UK. Yet CEO Schultz told an analysts’ call that the UK business had been so successful he planned to take the lessons he had learnt there and apply them to the company’s largest market – the United States.

    2009: Accounts filed in London claimed a record loss of 52 million pounds for the financial year to September 27, while CFO Alstead told investors on a call that the UK unit was “profitable.”

    2010: the UK unit reported a 34 million pounds loss, and Starbucks told investors that sales continued to grow.

    2011: a 33 million pounds loss. Yet John Culver, President of Starbucks’ International division, told analysts on a call earlier that year that “we are very pleased with the performance in the UK.”

    Way to go! $5 billion in sales, but “no profit,” while telling investors the UK is one of the most profitable!

  4. 3D is my life says

    Ahh, let me go out on a limb here and guess that none of the bidders would budge to meet the reserve nor would the seller accept the offer just under the reserve before this “deadline.” Just two more weeks and this domain becomes basically worthless. This dude turned down $38.5 k, ummm, ok.

  5. Louise says

    Small Business Leaders Urge Closing of Corporate Tax Haven Loopholes
    http://www.accountingtoday.com/news/Business-Leaders-Urge-Closing-Corporate-Tax-Haven-Loopholes-65006-1.html

    Here is the letter:

    December 14, 2012

    Dear President Obama and Members of Congress,

    We, the undersigned business owners and executives, want a tax system that is fair and provides sufficient revenue for the public services and infrastructure that underpin our economy. When powerful large U.S. corporations avoid their fair share of taxes, they undermine U.S. competitiveness, contribute to the national debt and shift more of the tax burden to domestic businesses, especially small businesses that create most of the new jobs. We believe corporate tax reform should be guided by three principles:

    First, all businesses – large and small – should contribute responsibly toward the costs of government and the well-being of the economy. The average effective tax rate actually paid by U.S. corporations is half the statutory rate and is low by international standards. The corporate tax share of federal government receipts has dropped from 32% in 1952 to 9% now. Corporate income taxes amount to just 1.3% of GDP. Our nation cannot afford “revenue neutral” corporate tax reform that leaves corporate taxes as a share of our economy at historically low levels. The Tax Reform Act of 1986 lowered the statutory corporate tax rate but closed so many loopholes it actually increased corporate tax revenues.
    With large government deficits, deep budget cutbacks and deteriorating infrastructure, corporate tax reform must again be revenue positive today.

    Second, businesses should not be rewarded for shifting jobs and investment overseas or disguising U.S. profits as foreign profits to reduce their taxes. In our current two-tier corporate tax system, some profitable U.S. corporations pay taxes while others pay little or none – using aggressive accounting manipulation to disguise U.S. profits as foreign profits to avoid taxes. Our government should reject demands by U.S. multinationals for a tax holiday to “repatriate” the funds they shifted offshore to avoid paying taxes. This would cost the U.S. Treasury $80 billion according to the congressional Joint Committee on Taxation and increase pressure to cut government spending on vital services. We also oppose changing to a “territorial” tax system, which would accelerate the use of accounting manipulation to shift domestic profits to foreign tax havens, permanently rewarding those who shirk their taxpaying responsibilities.

    Third, by ending unproductive tax loopholes and subsidies benefiting large corporations, we can level the playing field and raise revenues needed to restore economic vitality. Corporate taxes, like individual income taxes, support the public services and infrastructure upon which all businesses depend. These include a publicly educated workforce, transportation systems, safe drinking water and sanitation, the judicial system, taxpayer-funded research (which has played a crucial role in health advances and the creation of the Internet, for example), federal emergency response and so on. But, the public services and infrastructure underpinning a healthy economy are now being cut dramatically because of inadequate revenues.
    A transparent corporate tax system that assures all companies pay for the services upon which our businesses, our customers, our workforce and our communities depend, would help restore the economic vitality and domestic job creation we all seek.

    Sincerely,
    David Levine,
    CEO
    American Sustainable Business
    Council

    Holly Sklar
    Executive Director
    Business for Shared Prosperity

    Sam Blair
    Network Director
    Main Street Alliance

    Oh, yeah! Oh, yeah! Oh, yeah!

  6. Alan says

    4 days now and I haven’t heard the words “fiscal cliff” in the news…….maybe it wasn’t the best hand reg of 2012…………….That honor should go to gangnamstyle.com.

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