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To: Brian Hornby who wrote (23805)5/20/1999 11:25:00 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 44573
 
As long as you are a citizen, then you sort of owe them.

It is a very complex set up. Unless you are turning Large Money the entire issue is rather moot.

Hey, John Templeton now resides in the Caymans. That should tell you something.



To: Brian Hornby who wrote (23805)5/21/1999 6:44:00 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 44573
 
You may be right, but I don't think so..... you must declare whatever you bring into the U.S., but not if it stays outside..... if you draw an income from a foreign business, then you must claim it, otherwise...not.....

GZ


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