1 May
2023
1 May
'23
6:40 a.m.
On Sun April 30 2023 22:45:13 David C. Rankin via tde-devels wrote:
On 4/20/23 23:54, deloptes via tde-devels wrote:
When I worked in the UK I told my employer my marital status and that
I didn't have a mortgage and then my UK taxes were done automatically
(although I still had to file a tax return here in the US while working
in the UK!).
Back in the US my wife spends many many hours each year collecting
numbers and sending them to a tax preparer and then checking every
line of dozens of pages of tax return.
The US tax system is toxic to everyone except billionaires who can
employ an army of lawyers and accountants so that they pay lower
tax rates than working people.
My wholly amateur and unprofessional advice to Slávek would be to
avoid any contact with the convoluted, inefficient, and expensive
US tax and legal systems.
--Mike
It does matter, people just don't
know/understand that globalization was
done for big companies and not for individuals. It does matter also for
the companies of course, but the big ones can afford paying all the legal
taxes.
The other thing is, you never give the money to one person. IMO it must
be at least 3 of them ... well two is also OK, but they can hardly make
decisions when they are having different opinions.
It doesn't. Trust law is by state in the US. There is no prohibitions on a
foreign trustee. If things go to hell, then the law of the state in which
the trust was created applies. If Slavek resides in a country that is a
signatory Hague Convention -- foreign service can be effected that way :)