7 ms·
That only captures the flow toward countries that refuse double nationality. 9 out of 10 of the most common names for those are Asian (Chinese mainly, at least
by Iv 9y ago
That only captures the flow toward countries that refuse double nationality. 9 out of 10 of the most common names for those are Asian (Chinese mainly, at least one Vietnamese and at least two Korean)
Most people will keep their passports even when residing long term abroad.
- hueving 9y agoIs it expatriation if the person isn't giving up their citizenship?
- deleted 9y ago[deleted]
- torrent-of-ions 9y agoMany don't keep their US passport even if they can to avoid paying tax.
- doktrin 9y agoUS worldwide taxation is incredibly obnoxious, but the benefits of keeping a US passport still outweigh the drawbacks for many. That's not guaranteed to last forever, though.
- Dolores12 9y agoWhat are benefits?
- codewithcheese 9y agoYou can become the POTUS!
- Symbiote 9y agoBeing able to return to the USA, and visa-free access to more/different countries compared to the new citizenship. Renouncing American citizenship is extremely rare, as these figures show. The taxation is a paperwork hassle, but you need a very high income to actually owe anything -- for most, the higher tax rate in the new country offsets the American tax due.
- Dolores12 9y agoSo you call it benefit - paying 30%+ of your income in taxes worldwide instead of paying 20$ for visa on arrival? That makes no sense.
- tryingagainbro 9y agoYou will (probably) NOT get another visa to USA if you renounce for taxes.
- Symbiote 9y agoI would presume it's no problem if you actually paid any owed taxes.
- tryingagainbro 9y agoIf they determined you did for taxes, it's a no-no: Former U.S. citizens would be required to obtain a visa to travel to the United States or show that they are eligible for admission pursuant to the terms of the Visa Waiver Program. If unable to qualify for a visa, the person could be permanently barred from entering the United States. If the Department of Homeland Security determines that the renunciation is motivated by tax avoidance purposes, the individual will be found inadmissible to the United States under Section 212(a)(10)(E) of the Immigration and Nationality Act (8 U.S.C. 1182(a)(10)(E)), as amended. https://travel.state.gov/content/travel/en/legal-considerations/us-citizenship-laws-policies/renunciation-of-citizenship.html https://travel.state.gov/content/travel/en/legal-considerati...
- TorKlingberg 9y agoSome do, but not that many. Having a US passport is useful. You can discount the income tax already paid in an other country, so (other than the hassle of filing) it mostly affect people with very high income or who work in countries like Dubai without an income tax.
- mikeash 9y agoAt single-digit thousands per year, I don't know if I'd describe that as "many."