Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: maceng2 who wrote (198280)	10/17/2002 5:31:53 PM
From: stan_hughes	Read Replies (1) of 436258

Fair comment about the family part, and that dodging the taxman isn't easy when you're being paid a salary on autodeposit. Most treaty devices and arrangements are more suitable for business owners and/or persons with significant assets. In my experience, the kind of taxpayer we are talking about wants to, and usually does, remain resident in the US for many of the reasons you've cited, but they also feel the need to somehow shield their property. There are reasons beyond taxation (e.g. protection from creditors) that motivate people to set up offshore entitites to hold their assets. These schemes aren't and needn't be illegal per se, although they may represent an aggressive tax posture. The fact of the matter is that the IRS created this jungle of rules, and the IRS is more responsibile for the grayness of certain self-serving interpretations than any taxpayer who chooses to use those rules in their own favor. They could eliminate tax lawyers as a species tomorrow by overhauling the Internal Revenue Code. I'm sure not holding my breath to see that happen

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