the cost of untracability?

[Duncan Frissell]

At 03:36 PM 4/8/96 -0400, Black Unicorn wrote:

>In addition, to prevent funds from being removed to non-resident aliens 
>or foreign entities where tax enforcement and collection is difficult, 
>there is a 30% withholding requirement in the event the payee is not a 
>U.S. citizen or resident (for tax purposes).

The withholding tax applies only if the payee is not a resident of a
jurisdiction with a tax treaty with the US.  Net banking will further muddy
the waters on this because of the difficulty of telling the residency of
customers particularly in the case of accounts transferred to third parties
for profit -- a worthwhile future business activity.

DCF