5 ms·

Exit taxes are pretty rough. You also cannot renounce citizenship if your explicit reason is to avoid taxes. Hotel California indeed.

• vkou 5y ago
  If you have no intention of coming back, there is next to no recourse against you.
  • ralph84 5y ago
    Good luck getting a bank account anywhere except in the most remote places of the world if you left the US with unpaid taxes. Everywhere else the banks will comply with FATCA and want nothing to do with you [0]. [0] https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance...
    • vkou 5y ago
      Okay, so you're not entitled to skip out on owed obligations, but there will be no future ones.
      • eyivghh 5y ago
        No, you're not allowed to renounce your citizenship so you’ll have additional taxes you'll incur on the basis that your alive.
  • eyivghh 5y ago
    Extradition is a thing, as is foreign seizure of assets. Also where would this person go? The swiss wont touch a normal american, nevermind one whose trying to lower his taxes