[e-gold-list] Re: e-Bullion Article

[Craig Spencer]

Claude,

> > 1)  If the corporation is closely held (any US shareholder having more
> > than 10% of the stock; a so called "Controled Foreign Corporation") it
> > will not even acknowledge that the corporation exists.  By US law they
> > are NOT different persons.
> 
> Are you sure about that? Can you point me to the specific law..I
> would like to read it.

Yes.  Altho the detailed law**S** and their effects are MUCH more 
complicated (of course!) and intellectually perverted than my brief 
reference indicates.  You can find some information and legal 
references here.

     http://www.rpifs.com/cfc-ibc-tax.htm

Don't be too smug.  Canada is only slightly behind the US in 
abrogating all financial and privacy rights. :(

Best,

CCS

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