Showing results for tag "renounce citizenship"
Puerto Rico's tax incentives have created a new and unprecedented opportunity for US citizens, bringing a genuine alternative to renunciation.
The following is a firsthand story of how and why a former US citizen decided to renounce his US citizenship. It’s packed with practical advice and priceless insights into this momentous decision.
The following is a firsthand story of how and why a former US citizen decided to renounce his US citizenship. It's packed with practical advice and priceless insights into this momentous decision.
The most interesting part of this story is that she is not required to renounce, Switzerland and the US allow dual citizenship. It was her choice to renounce, and that choice has serious costs - but benefits that outweigh them.
Like individuals and businesses, countries are also at competition with one another to capture the constant migration of foreign capital and productive people. That's why the U.S. offers generous tax breaks for foreign investors. And why most Caribbean islands don't tax foreign income at all. And why Spain, Greece, and Latvia offer immediate residency to those who purchase a qualifying property.
You are technically a slave when 100% of the fruits of your labor is taxed or otherwise confiscated by force. For some people in France, it is dangerously approaching that threshold and causing them to renounce their citizenship. Gerard Depardieu is literally the concept of “capital flight” personified.
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