Re:The Big Escape: How the Ultra-Wealthy Avoid Paying Taxes ...
by cscurmudgeon on Friday September 17, 2021 @12:21PM
(#28567320)
> . Renouncing to US citizenship would still be an option of course, but I'd expect the opportunity cost would be much higher than the cost of the tax itself.
Why? In 2021, a lot of countries have US levels or better infrastructure. The owner can reside outside the US and still make products for the US and the world.
> Americans Gave Up Citizenship in Record Numbers in 2020, Up Triple From 2019, Reports Tax Specialists Americans Overseas
Why? In 2021, a lot of countries have US levels or better infrastructure. The owner can reside outside the US and still make products for the US and the world.
> Americans Gave Up Citizenship in Record Numbers in 2020, Up Triple From 2019, Reports Tax Specialists Americans Overseas
https://www.prnewswire.com/news-releases/americans-gave-up-c...