4 ms·

Why not stay in HK and keep more money?

• GigabyteCoin 13y ago
  Also consider that you'll be required to pay income tax even after renouncing your U.S. citizenship, should you ever wish to leave for greener pastures. http://articles.timesofindia.indiatimes.com/2012-10-15/us-canada-news/34471897_1_green-card-treaty-country-citizenship http://articles.timesofindia.indiatimes.com/2012-10-15/us-ca...
  • hkmurakami 13y ago
    I don't think this duty artists if you limit yourself to green card status and not citizenship.
    • rogerbinns 13y ago
      Green card holders also have to pay US tax on worldwide income. Note that if you permanently move out the US you are supposed to relinquish your green card. The last time I looked at this (~2 years ago) the guidelines were that being out of the country for up to six months was okay, and up to a year required official notice, and longer than that was only acceptable under exceptional conditions.
      • jtheory 13y ago
        That's right -- a GC-holder moving out of the US would normally relinquish the GC and stop paying US taxes at that point. I don't recommend trying to hold onto a GC while living outside of the US... this is one of those areas where there's no strict rule on what's "okay", just vague guidelines, so if you are trying to hang on to a GC while living outside the country for a few years by visiting twice a year, a DHS official in a cranky mood is perfectly able to decide you're "cheating" and eject you from the country... which will not be a good thing to have on your record if you ever want to come back. I'm American but moved to France w/ my non-American wife, and we tried to hang on to her GC for a while like this... but it was far too nerve-wracking.