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Quite a few wealthy people do. Especially Canadians and non-americans who can. Why wouldn't person move outside of tax jurusdiction if it afford saving few ext
by Trias11 5y ago
Quite a few wealthy people do. Especially Canadians and non-americans who can.
Why wouldn't person move outside of tax jurusdiction if it afford saving few extra $MM's and possibility to discover more beautiful, friendly countries?
Of course US Citizenship essentially became IRS trap and renouncing it became very difficult thing to do for americans
- Retric 5y agoOf Canadians top 10 wealthiest, 8 live in Canada, 2 are living in the US. That’s hardly an exodus to low tax countries. So sure, examples exist they simply don’t add up to a meaningful percentage. As to why they stay, making say 10% more money just isn’t worth much hassle to the rich. They have money what they want is all the things a well functioning society gives them.