Re:Wealthy people are renouncing American citizenship
by mellavora on Thursday August 05, 2021 @04:09PM
(#28078997)
nitpicking. You don't get out of taxes, you get out of paying US taxes (on earned income, you still have to pay capital gains).
But you still have to file US taxes. As an expat, you have more forms to fill out.
AND the bigger challenges are banking. You still have to find a bank willing to open an account for you, and good luck getting more complex financial services.
But you still have to file US taxes. As an expat, you have more forms to fill out.
AND the bigger challenges are banking. You still have to find a bank willing to open an account for you, and good luck getting more complex financial services.