Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Elmer who wrote (72429)	9/20/1999 12:42:00 AM
From: Bill Jackson	Read Replies (2) of 1574345

Elmer; It is for the IRS. In France they count your assets abd calculate what you needed ti buy them and ask for tax on that, or they take your assets. I do not know how they analyze assets bases in the USA to calculate what you needed to have to buy them. Here in Canada you get can get a "gift" from an offshore relative instead of living offshore for a year as we have no gift taxes. Angles abound. I know a fellow who sits on the rock(Gibraltar) and has 13,000 offshore accounts he manages(he is a lawyer) and when I asked him why he did not steal the money and run, I was told he billed more than $1000 on average per year from each one of those accounts(depends on the transaction volume, kind of company, etc) It was a permanent cash cow with all the scut work done by staffers, year after year. He would never kill the cow for a one time meal. Bill There are some people who are house sitting in 5 million dollar houses owned by an offshore company that pays the taxes etc. They live there free and have $$ to spend and no visible means of support? How do they do it

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