On Mon, Apr 16, 2018 at 10:07 AM, Wol's lists <antlists@youngman.org.uk> wrote:
Concrete example which hit a couple of friends of mine ...
Expat Americans, didn't declare their income to the American authorities.
even without declaration issues:
scenario:
you friend buy an asset in England. 20 years later he sells it.
for added-value purpose you need to calculate the profit/loss in the
taxable currency.
(note at the time the purchase is made, one may not know that 20 years
later he would need to convert that in some other currency)
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