4 ms·

I do not understand the fuss about this. If Saverin gave up his US citizenship legally, plans to live outside the US for many years, who cares what taxes is he

I do not understand the fuss about this. If Saverin gave up his US citizenship legally, plans to live outside the US for many years, who cares what taxes is he avoiding? These senators need to get their acts together and fix the tax code instead.

kemiller 14y ago
If he truly intends to live outside the country and not return here, then what's proposed has no teeth. But it's more likely that he's doing what many wealthy people have done before him, namely renouncing citizenship officially, but continuing to spend as much time as they please in the US. It actually seems pretty reasonable to deny reentry to someone who has left and had a nice windfall as a result. (Perhaps cleaner: demand repatriation of any capital gains as a condition of visa issuance. Assets acquired after the renunciation are of course exempt.)
- ABS 14y ago
  he's been living and working in Singapore since 2009 and there is no way for a non citizen "to spend as much time as they please in the US". You'd need a Visa that is linked to work and in that case work would be of course taxed in US.
  - kemiller 14y ago
    Wealthy people can get investment visas pretty easily: http://en.wikipedia.org/wiki/E-2_visa http://en.wikipedia.org/wiki/E-2_visa
    - ABS 14y ago
      which is what I wrote: there is no way he can just spend as much time as he wants without approval, supervision. And the Visa can be rejected
- mindcrime 14y ago
  It actually seems pretty reasonable to deny reentry to someone who has left and had a nice windfall as a result. How is it reasonable? What exactly is the USA gaining by this action? How is this making life better for the citizens of the United States? This is just political bullshit, nothing more, nothing less. The Senators involved are far more harmful to the USA than Eduardo Saverin ever will be.

4 ms·

I do not understand the fuss about this. If Saverin gave up his US citizenship legally, plans to live outside the US for many years, who cares what taxes is he

by yashchandra 14y ago

kemiller 14y ago
If he truly intends to live outside the country and not return here, then what's proposed has no teeth. But it's more likely that he's doing what many wealthy people have done before him, namely renouncing citizenship officially, but continuing to spend as much time as they please in the US. It actually seems pretty reasonable to deny reentry to someone who has left and had a nice windfall as a result. (Perhaps cleaner: demand repatriation of any capital gains as a condition of visa issuance. Assets acquired after the renunciation are of course exempt.)
- ABS 14y ago
  he's been living and working in Singapore since 2009 and there is no way for a non citizen "to spend as much time as they please in the US". You'd need a Visa that is linked to work and in that case work would be of course taxed in US.
  - kemiller 14y ago
    Wealthy people can get investment visas pretty easily: http://en.wikipedia.org/wiki/E-2_visa http://en.wikipedia.org/wiki/E-2_visa
    - ABS 14y ago
      which is what I wrote: there is no way he can just spend as much time as he wants without approval, supervision. And the Visa can be rejected
- mindcrime 14y ago
  It actually seems pretty reasonable to deny reentry to someone who has left and had a nice windfall as a result. How is it reasonable? What exactly is the USA gaining by this action? How is this making life better for the citizens of the United States? This is just political bullshit, nothing more, nothing less. The Senators involved are far more harmful to the USA than Eduardo Saverin ever will be.