Speech #1020070204

The staff of the Bank who are neither U.S. citizens nor permanent resident aliens are brought to the United States to pursue the Banks Intemational purposes. NonU.S. staff members who are brought to the United States for Bank employment will sometimes be considered resident (domiciled) here for U.S. estate tax purposes. even though U.S. Immigration law generally does not permit survivors to remain In the United States after the death of the staff member. Because the existence of U.S. domicile cannot be determined with certainty before death. planning cannot adequately take account of this crucial factor. The burden of U.S. estate taxation will definitely deter able persons from joining and remaining a part of the Banks staff.