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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (64334)6/22/2010 11:50:41 AM
From: elmatador  Respond to of 217620
 
Renounciation as UBS hands over data about the accounts held in Switzerland by US citizens.



To: TobagoJack who wrote (64334)6/22/2010 11:51:22 AM
From: elmatador  Respond to of 217620
 
I am back to Luanda after my China adventure.



To: TobagoJack who wrote (64334)6/22/2010 1:47:55 PM
From: THE ANT  Read Replies (1) | Respond to of 217620
 
If a person holds these assets overseas it would make more sense to sell them first, if the country they are in has a capital gains tax.The money paid to the local govt in tax would be credited against the gain and they likely would owe no US tax.Otherwise they would pay capital gains to US and still owe to the other country on real sale in the future


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