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British Prime Minister Boris Johnson was quite vocal about being having to pay taxes to the US until he renounced his American citizenship in 2016. https://www
by joshuaissac 6y ago
British Prime Minister Boris Johnson was quite vocal about being having to pay taxes to the US until he renounced his American citizenship in 2016.
https://www.forbes.com/sites/robertwood/2019/07/24/prime-minister-boris-johnson-tax-protester/ https://www.forbes.com/sites/robertwood/2019/07/24/prime-min...
- arcticbull 6y agoRenunciation also of course has high fees and a massive tax burden. One is required to pay taxes on all of their assets as though they disposed of them on their last day of citizenship or leave (I believe) 30% in a trust to the IRS should it be illiquid.