Re:Wealthy people are renouncing American citizenship
by ElFitz on Thursday August 05, 2021 @01:13PM
(#28076606)
Most countries don’t tax citizens living abroad on foreign revenue, and just forget about them once they become residents elsewhere (unless they still have income from their country of origin).
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Re:Wealthy people are renouncing American citizenship
by robin_reala on Thursday August 05, 2021 @01:55PM
(#28077204)
And by most here, you mean every single country in the world apart from the US, Eritrea, Myanmar and Hungary.
Re:Wealthy people are renouncing American citizenship
by randomchars on Thursday August 05, 2021 @03:21PM
(#28078276)
Hungary does not tax it's citizens living abroad.
Re:Wealthy people are renouncing American citizenship
by robin_reala on Thursday August 05, 2021 @03:35PM
(#28078452)
I was going by the table at https://en.wikipedia.org/wiki/International_taxation#Individ... but it’s entirely possible that it’s incorrect.
Re:Wealthy people are renouncing American citizenship
by naniwaduni on Thursday August 05, 2021 @04:09PM
(#28078992)
It looks like Hungary technically taxes nonresident citizens except in almost every case where it would matter.