4 ms·
Or move to Malaysia, or buy residency and citizenship in Saint Kitts and Nevis.
by balupton 9y ago
Or move to Malaysia, or buy residency and citizenship in Saint Kitts and Nevis.
- toomuchtodo 9y agoIf you’re a US citizen, you’re responsible for paying tax on your worldwide income regardless of where you reside. Also, there is an exit tax to renounce your US citizenship.
- numismatex 9y agoIf you gain citizenship somewhere else, you give up your US citizenship. It costs roughly $300 to file on the US side IIRC -- it's not much unless you own over 2 million US Dollars. So if they've been holding bitcoin this entire time, some would say that since there's no recent trade, it isn't taxable, and thus they can leave with no exit tax whatsoever. Many countries count long term investments as untaxable, to boot, so yeah.