Re:Serbia grants citizenship to Steve Wozniak
by antman on Wednesday December 06, 2023 @08:29AM
(#38543588)
Except US I think almost all other countries dont tax only for citizenship, residency is also required
Re:Serbia grants citizenship to Steve Wozniak
by beaeglebeach on Wednesday December 06, 2023 @08:39AM
(#38543701)
There is another despot that does it, Eritrea
US also imposes an unrivaled insane extraterritorial law (FATCA) on foreign banks requiring them to do expensive reporting on US persons, making them worldwide pariahs in the banking system even when they hold dual citizenship.
Re:Serbia grants citizenship to Steve Wozniak
by ztetranz on Wednesday December 06, 2023 @08:28AM
(#38543571)
Most countries don't tax their citizens when they live elsewhere and have no income in the country. There is one notable exception.
Re:Serbia grants citizenship to Steve Wozniak
by Svip on Wednesday December 06, 2023 @08:31AM
(#38543604)
Eritrea? Since there are actually two exceptions, although one is definitely less notable than the other.
Re:Serbia grants citizenship to Steve Wozniak
by closewith on Wednesday December 06, 2023 @08:32AM
(#38543629)
The US is certainly an outlier, but domicile taxes are not at all unusual, especially at high net worth.
Re:Serbia grants citizenship to Steve Wozniak
by simondotau on Wednesday December 06, 2023 @08:32AM
(#38543626)
That one notable exception also charges a tax for renouncing citizenship.
Re:Serbia grants citizenship to Steve Wozniak
by PopAlongKid on Wednesday December 06, 2023 @08:36AM
(#38543662)
You mean the income tax on income sourced to the U.S. prior to leaving?
Re:Serbia grants citizenship to Steve Wozniak
by simondotau on Thursday December 07, 2023 @03:30PM
(#38561429)
Re:Serbia grants citizenship to Steve Wozniak
by impish9208 on Wednesday December 06, 2023 @08:31AM
(#38543607)
> There is one notable exception.
There are two actually.
Re:Serbia grants citizenship to Steve Wozniak
by the_af on Wednesday December 06, 2023 @08:32AM
(#38543624)
It's pretty safe to assume this is not the case, countries don't "trick" people into citizenship for this. Plus Steve would know the implications of accepting this citizenship, and could challenge it and not pay a dime if there were hidden clauses.
"Dear Mr. Musk, here is your Argentinian Citizenship! We welcome you with open arms! P.S. please note that as of 2020 we have in place a tax on high-wealth individuals. The appropriate agency will be in touch. Renouncing citizenship takes about a year"