On Tue, Jul 09, at 02:02PM, Tim May wrote: > > Also, a person having extensive offshore (outside the U.S.) > > assets may well find his assets are now taxable in the U.S. > > And for those with capital assets not taxed in their home > > countries (e.g., Germany, Japan), this may be quite a shock.
On 9 Jul 2002 at 18:40, Gabriel Rocha wrote: > This applies wether he is a US citizen or not, green card holder > or not, Sealand citizen or not. Once the IRS sinkstheir claws > into you, you're screwed. Are you saying that if someone is legally resident in the US for a while, the US IRS will attempt to get his assets all over the world forever? I find this hard to believe.
