Re: authority for a "ten year withdrawal period"?


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Posted by Two Cities on September 27, 1998 at 16:12:29:

In Reply to: authority for a "ten year withdrawal period"? posted by Paul Andrew Mitchell, B.A., M.S. on September 26, 1998 at 20:32:30:

: : There now appears to exist a ten year
: : withdrawal period for the UdotSdot crowd,
: : the ones that signed up via the
: : Voter registration.

:
: What is your authority for this "ten year
: withdrawal period" [sic], please?

Rumour and hearsay. By a CFO of a reasonably large
corporation, with respect to the costs and procedures
for expatriation. There may even be an exit fee.
We were BSing about Ireland's greener pastures.

I don't have any authority of my own, on the subject,
but residents maintain their residency by a substantial
presence test. (183 days) Citizens may be bound by stronger
ties.

Some people seem to agree that in some domains the IRS
perform their functions legitimately. They appear to have the
authority to levy on U.S. citizens, U.S. resident aliens, and
U.S. sources. The structrure of todays economy renders the
third case true in a large percentage of all employers, since
they maintain an address of record within the U.S. A large
portion of the 'domestic' economy has been restructured to exist
within the U.S. This is especially true of recent company
formations, where the legal crowd, through their boiler-plate
language, and through a filing with the Secretary of State will
domicile the newly formed entity in any one of the two letter
abbreviation 'states'. Now if that is where they lie, and the
worker commutes to work, across the veil, in my opinion the compensation
for the fruit of the labor is from a source within.

Contracts govern.



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