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Originally Posted by Chris Corn
Does anyone have any information regarding how this affects Canada specifically? Taxes or otherwise.
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Believe this is really a US issue over the "oversight" (or non-oversight) of private corps originally formed to collect taxes in the US which was prob illegal at the time - but may have become legitimized by a mish mash of legislation since that time. Least that's what the govt would argue.
Was a long time ago was reading about the history of this - involved some weirdo stuff and ranged from Puerto Rico to Washington and creating an "independent 'state' within a state" and the formation of private corps within that 'state" (in the Washington area) to ensure assets could not be attacked. There were obviously schemers (or scammers) at work then who would be in court on conspiracy charges if that ever happened in current times
Very unconventional conduct for a govt, but hey - it was the land of opportunity then
