From: Spehro Pefhany
Subject: Re: Gone travelling....I´m deleting my web site...
References: <firstname.lastname@example.org> <email@example.com> <firstname.lastname@example.org> <email@example.com> <firstname.lastname@example.org>
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Date: Fri, 17 Jan 2003 22:25:42 GMT
NNTP-Posting-Date: Fri, 17 Jan 2003 17:25:42 EST
On Fri, 17 Jan 2003 22:11:09 +0000, the renowned John Woodgate
>I read in sci.electronics.design that Spehro Pefhany
> wrote (in om>) about 'Gone travelling....I´m deleting my web site...', on Fri, 17
>>There are a very few people who are citizens of the EU, US and
>>Canada simultaneously. That would be nice.
>Think how much you'd have to pay your tax consultants - probably three!
Yes, particularly if you moved around a bit and had factual and/or tax
residency in various countries at various times. You'd probably have
to engage some outfit such as E&Y with an international reach.
The UK offers some very attractive possibilities if a foreigner has a
goodly chunk of cash and wants to live there. By leaving it outside
the country and carefully segregating income from principal with your
investments (with a good accountant and cooperative financial
institution) a foreigner can live there pretty much indefinitely and
pay virtually no income tax, so long as their *intent*, no matter how
vague, is to someday leave. Unfortunately, Canada and the US are
not so generous with worldwide income, though there may be some
deferral possible with trusts.
At least that was how it was explained to me by an expert in such
"it's the network..." "The Journey is the reward"
email@example.com Info for manufacturers: http://www.trexon.com
Embedded software/hardware/analog Info for designers: http://www.speff.com