Re:EU top court confirms Apple's €13 billion tax bill in the EU
by okwhateverdude on Tuesday September 10, 2024 @04:31PM
(#41505185)
> You're free to renounce American citizenship to escape future tax obligations.
The hilarious thing about this statement is that it costs a few thousand dollars to renounce (as in a fee, paid to the embassy) and they reserve the right to come get you up to ten years later in tax cases.
Re:EU top court confirms Apple's €13 billion tax bill in the EU
by codethief on Tuesday September 10, 2024 @05:36PM
(#41505850)
And IIRC there is some law saying that if you renounce citizenship to avoid taxation, you might never be able to enter the US again.
EDIT: https://en.m.wikipedia.org/wiki/Reed_Amendment_(immigration) (Thanks, ChatGPT!)
Re:EU top court confirms Apple's €13 billion tax bill in the EU
by 1over137 on Tuesday September 10, 2024 @06:34PM
(#41506285)
You also have to be fully up-to-date with the IRS before you can renounce citizenship!
Re:EU top court confirms Apple's €13 billion tax bill in the EU
by ghusto on Wednesday September 11, 2024 @05:30AM
(#41509673)
> You're free to renounce American citizenship to escape future tax obligations.
In theory, yes. I knew someone having a heck of a hard time doing so though. Here's the process:
https://en.wikipedia.org/wiki/Relinquishment_of_United_State...
It's pretty expensive and difficult.
Re:EU top court confirms Apple's €13 billion tax bill in the EU
by floydnoel on Friday September 13, 2024 @11:08AM
(#41531940)
> You're free to renounce American citizenship to escape future tax obligations.
actually you are not free to do that. renouncing citizenship requires a reason other than "to escape tax obligations"
Anyway it's not an issue for non-rich expats, you just have to file a tax return which shows you owe $0.