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To: maceng2 who wrote (198262)	10/17/2002 3:36:22 PM
From: stan_hughes	Read Replies (1) \| Respond to of 436258

Two things - (1) if you park your dough in nominee accounts offshore the IRS hasn't got a farkin clue where your money is (2) once you've left the jurisdiction, they can say you owe all the taxes they want, but they have no means of collecting them so who cares. I used to do tax treaty work. Nobody except the sloppy actually lets the IRS get them for anywhere near what the code says they should be paying

To: maceng2 who wrote (198262)	10/17/2002 3:56:36 PM
From: Horgad	Respond to of 436258

Not only that but if you expatriate and have over 200,000 or so there is a huge tax penalty upon leaving the US. This is to try and prevent rich people from avoiding inheritance taxes among other things (Grampa suddenly becomes a citizen of the Bahamas the week before he keels over). This is not to say that is not easy to cheat, but to be legal and save money you would have to expatriate before you made your money. Given that it costs 20,000 or so to buy a citizenship this is easier said than done.