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Andreev at first says board meetings for Worldwide Vision are held in Malta, where the corporate tax rate can be as low as 5%, then later says they were in Bermuda. "The company does this to evade taxes." Andreev denies this. His expl***tion: Malta is where the company develops intellectual property.
"Unless there was a tax angle to this, why would you strategize your business through Malta? "As Bumble grew and grew, you wonder why they didn’t relook at that business relationship," a former employee says. While Badoo’s popularity grew in Europe and Latin America in the early 2010s, adoption was slow in the U.S. "While serving as the company’s CMO, I was told to act pretty for investors and make job candidates ‘horny’ to work for Badoo," Jessica Powell, Badoo’s chief marketing of***er from 2011 to 2012 says in an email.
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