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At best, you're referring only to US expatriates. The article you linked does not apply to people living in the US at all. Also, political innuendo aside, Sive
by runako 15y ago
At best, you're referring only to US expatriates. The article you linked does not apply to people living in the US at all.
Also, political innuendo aside, Sivers doesn't mention tax avoidance in his reasons for moving to Singapore: http://sivers.org/singapore http://sivers.org/singapore
- jlgreco 15y agoIIRC, it is impossible to renounce citizenship (and have it be recognized by the US government) while in the US (being inside a US embassy is I believe not counted as being in the US, and is indeed required). Expatriation is assumed whenever you are talking about (American) citizenship renunciation.
- branola 15y agoAssuming it's true that he's dodging taxes, why would he want to rub everyone's noses in it? I wouldn't expect it to be a particularly well received blog post for example, not to mention potentially endangering his ability to successfully expatriate - since I believe you are not 'officially' allowed to do so for tax reasons.
- rdtsc 15y agoBecause if he did he would be in trouble. Renouncing citizenship for the purpose of tax avoidance is not something US govt. likes very much.
- waterlesscloud 15y agoThe law in question defines things in such a way that it's assumed you are renouncing your citizenship for tax purposes if your income or net worth are over certain thresholds. It provides for exceptions under specific conditions and allows for govt officials to grant documented exceptions if you can convince them to do so. The assumption, though, is probably correct far more often than not.