10 Jul
2002
10 Jul
'02
12:04 p.m.
On Tue, Jul 09, at 02:02PM, Tim May wrote:
Also, a person having extensive offshore (outside the U.S.) assets may well find his assets are now taxable in the U.S. And for those with capital assets not taxed in their home countries (e.g., Germany, Japan), this may be quite a shock.
On 9 Jul 2002 at 18:40, Gabriel Rocha wrote:
This applies wether he is a US citizen or not, green card holder or not, Sealand citizen or not. Once the IRS sinkstheir claws into you, you're screwed.
Are you saying that if someone is legally resident in the US for a while, the US IRS will attempt to get his assets all over the world forever? I find this hard to believe.