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The Nazis had a similar tax scheme for the Jews who went abroad when
they still could .....
> (now they've even
> added 'departure tax' laws to prevent 'wealthy' US citizens avoiding
> tax by renouncing their citizenship). The U.S. is one of only two
> countries in the
> At 11:26 17/06/99 -0500, Mark Brown wrote:
> >
> >ps how much did you say I could save on taxes?
> >
>
> El zippo! If living abroad with lower taxes, Uncle Sam calculates what you
> would have owed in the U.S. and expects you to send him a cheque for the
> difference (for all income above any dual tax treaty exclusion). Never mind
> that you may not live in the U.S. anymore or derive any income from the U.S.
> Never mind that you may have left for good and may never go back again.
> Never mind that you may have taken citizenship of your new country. So long
> as you retain your U.S. citizenship, you will pay! (now they've even added
> 'departure tax' laws to prevent 'wealthy' US citizens avoiding tax by
> renouncing their citizenship). The U.S. is one of only two countries in the
> world that taxes it's people based on their citizenship and not on where
> they live and work. The Philipines is the other. Typically, all other
> nationals who move abroad don't have to keep paying their home country.
> This particular little pleasure is reserved almost exclusively for people
> 'lucky' enough to be American.
>
> What can I say? Some people are fortunate to be citizens of free countries,
> others are US citizens!
>
> (what the hell, there hasn't been a good scrap on the list for a few days,
> this should do the trick ;-))
>
> Simon.
>
>
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