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> You can not keep any assets like company or house there! Alternatively, simply keep both the house and company in Germany. No exit tax since, thanks to that
by ivankra 1y ago
> You can not keep any assets like company or house there!
Alternatively, simply keep both the house and company in Germany. No exit tax since, thanks to that house, you haven't technically exited, right?
- csomar 1y agoYou could technically do that but then you’d have to keep paying taxes to Germany on your income in the other country. And the other country will consider you a resident too and will want a chunk of that…
- throw9349494 1y agoDouble win!
- ivankra 1y agoWelcome to americans' reality! It's actually more humane than the way US treats its overseas citizens - no onerous PFIC/FATCA, and you have an option to divorce the tax system while still keeping your passport. Double taxation should be taken care of by tax treaties. Usually you'd pay the maximum of the two tax rates in total, with your current residence country getting first dibs.