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Indeed but worse for all the accidental Americans, expats, and lord help you if you want to start a business while living abroad.
by arcticbull 3y ago
Indeed but worse for all the accidental Americans, expats, and lord help you if you want to start a business while living abroad.
- Retric 3y agoFair enough. Though this is a serious edge case. 2k people renounced American citizenship in 2019 some years it’s ~10k but only a fraction have any kind of meaningful capital gains liability. The general cases is Americans who get to defer liability not expats with a surprising bill.
- arcticbull 3y agoHey thanks for talking through this. Appreciate your perspective.