At 01:54 AM 5/4/96 -0400, Black Unicorn wrote:
Actually, I disagree with Mr. Sandfort on this one.
Taxation of International Income is a tremendously complicated field. (You can get an LL.M. in international taxation alone for example).
I do not believe the IRS particularly cares what all those tons of tax legislation books say, and I am sure they do not know. Unicorn seems to be thinking in terms of constructing magic pieces of paper that will protect you from the bad boys, whereas Sandy is thinking in terms of making sure the bad boys cannot find your money. While doubtless magic bits of paper are useful to some extent if you are a genuinely multinational corporation, if the bad boys see smaller fry carefully concocting magic paper they will say "ah, tax haven", jump on you like a ton of bricks, extort information from anyone in their jurisdiction as to where your money is (which is why Sandy recommends a lawyer who works OUTSIDE the jurisdiction) and confiscate all your assets and not give them back until you can prove you have paid taxes on everything you might possibly have earned and some things you could not possibly have earned. --------------------------------------------------------------------- | We have the right to defend ourselves | http://www.jim.com/jamesd/ and our property, because of the kind | of animals that we are. True law | James A. Donald derives from this right, not from the | arbitrary power of the state. | jamesd@echeque.com