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Originally Posted by j.p.s
Well, the mayor of London, England was born in New York City to at least one UK parent and permanently moved to the UK at 5 years age. Now the US wants income tax from him on the sale of a home in England.
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This is long standing US law (since the Civil War).
And from what I can tell, it appears that he has been compliant with US tax laws, otherwise the IRS would want, in addition to their chunk of the capital gains on this house sale: at least 3 years of back taxes, and 50% of the maximum balance of each of how financial accounts going back 6 year (in addition to the $100,000 per year fine).
Quote:
Originally Posted by j.p.s
(And most large "Delaware based" corporations have about as much presence in Delaware as Amazon has in Luxembourg.)
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Delaware has no sales tax.
That's why on the Delaware side of the Delaware/Pennsylvania border there are miles of shops. And absolutely nothing on the Pennsylvania side.