what do you mean by 'basically a foreign citizen'? that doesn't even make sense. do you have greek citizenship?
and how is putting your assets in somebody else's name so as to lessen your tax burden not evading taxes?
yet i'm the one who is clueless?
how a canadian resident is taxed on their property held in a foreign country is usually governed by tax treaties.
i can actually analogize here. a friend of mine who holds dual citizenship was whining about obama's tax policies because earnings from his TFSA are taxed as income in the US. the problem there isn't obama's tax policies. it's the tax treaty between the united states and canada.
In sequence....
No, I am not a Greek Citizen nor held Greek citizenship since 2 years old. I am a Canadian citizen. The only "legal" status is that I have is a tax identification number (AFM), that is required to do any asset transaction. A tax number does not make one a citizen or accord any citizen/immigrant status. Anyone who has a tax identification number is then required to file a yearly tax return and to pay taxes on any
Greek income or assets. If none, then none. Period.
As I said much earlier in the conversation, there is no evasion of taxes. Nor any "lessening" of tax burden. It was done so and it met every single letter of the tax law. The reason behind it was to not create double taxation and tax issues between Canada and Greece fillings. Unlike the vast majority of Greeks, whatever taxes were/are due are paid in full and on time.
There is a tax treaty.
http://www.fin.gc.ca/treaties-conventions/greece_1-eng.asp
So basically, without any assets nor income of any type, not even a car, and meeting every letter of the tax laws, they found a way to create some new Banana Republic law that reached out and taxed what is basically a foreign citizen. This goes back to Greek politicians musing of taxing "Greeks" who have "fled" the country. It goes even deeper where desperate politicians discuss the "right of the state" to tax ex-citizens/ex-patriots even if they are residents of a foreign country. Basically, a "blood line tax".
I made a relevant comment on a failed state and taxes (post 11026) and then Lou and I had a sub-discussion on taxation of a Banana Republic reaching out for blood line tax and confiscating property. You turned that into a personal attack on tax evasion and went further about "boasting", ignoring the context of the obvious conversation Lou an I had.
It would have been far, far more interesting to use it as an example in discussing failed states and taxation, particularly states reaching out to tax on "blood lines" then a page of what is in essence, accusations and junk.
Let's just call it a misunderstanding......