| Nepali Economy & Policy
by Business Age (09/01/2000)
The IMF helps Nepal 'westernize' their tax system. Take a look at how a small nation is reeled in. There's no reference to the lawfulness of such changes. The tax code is proving to be a maze of inconsistencies but the bottom line is that the labours and properties of Nepalese are fair game -- there are no laws that protect the rights of people in Nepal. Here is a perfect example of how it is being done. Be sure to check out the 'Rights of a Taxpayer' as the IMF sees them. |  |
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| | Fraudulent Foreign and Domestic Trusts
by IRS (07/03/2000)
Establishing a foreign or domestic trust for the purpose of hiding income and assets from taxation is illegal. Abusive Trust Schemes typically involve the creation of one or more trusts into which the taxpayer transfers his or her personal and/or business assets and to which the taxpayer assigns his or her income. The taxpayer, the promoter, or someone who will allow the taxpayer in reality to control the activities of the trust is then assigned as the trustee. | |
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