Replies to post #34638 on Eagle Worldwide Inc.(fka ELWD)

[Thnder]

Remember, there is NO TAX LIABILITY upon selling the pdr's!


This I am not so sure about. One should consult a tax advisor before trusting this.

[4Godnwv]

Hmmm...not exactly true - While the foundation has no obligation to report funds held by it's members, and in fact is prevented by Panamanian law from doing so, bringing money into the US would require reporting it to the IRS.

[janice shell]

Remember, there is NO TAX LIABILITY upon selling the pdr's!

And how does that work? I think you might want to consult with your tax preparer.