3 ms·

> Unfortunately, being a wealthy ex-CEO and ex-pat living in another country Puerto Rico is another country?

• abnercoimbre 5y ago
  Is that where he is currently living? Puerto Rico is proper American territory and they're all American citizens there, so I definitely wouldn't call it another country (source: I'm Puerto Rican.)
  • cycrutchfield 5y ago
    Per the article that’s where he established residency, in order to avoid paying taxes.
    • abnercoimbre 5y ago
      Unsurprising. Crypto millionaires retire there too. It's a tax haven thanks to not being a state -- plenty of loopholes you can leverage.
      • moneywoes 5y ago
        I thought there was an exit tax when you move there
        • abnercoimbre 5y ago
          First I've heard of it! I haven't checked the relevant literature in a while. Even so it might still be a net gain for them. Puerto Rico is susceptible to great hurricane tragedies, however (recall Maria.)