> Who would be gaining something from this scheme other than you and the
> Chinese government? Would you still be liable to pay U.S. income taxes on
> this windfall?
>
> Best wishes,
>
> Jeff in San Diego
Good point, Jeff.
When I lived in Italy, I was still a U.S. citizen and liable to U.S. income
tax. I think that if the person is a U.S. citizen, but a resident alien of
the second country, then they are liable to taxes of that country. I think.
But, there's this thing of taking the cars out of this country (and a good
amount of them would probably come from California and the southwest),
repairing them ahem...inexpensively and then selling them for a
profit...leaves a bad taste in my mouth...
Sorry Dayton, you asked.
Laura G.
Vita brevis est: rapide agite, vigore strigate!
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