Citizenship Abroad to Avoid Paying Taxes...

[bobbyi]

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EU citizenship is very hard to get.

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And I'd imagine having your career be "poker player" does not help.

[KaneKungFu123]

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EU citizenship is very hard to get.

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And I'd imagine having your career be "poker player" does not help.

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im going to look into singapore.

will update.

[GeniusToad]

Simply put: It isn't worth the trouble. Either way you slice it Uncle Sam doesn't forget. If you're able to pull it off, more power to ya.

[Diplomat]

I'll be more direct. It would suck to denounce US citizenship for, say, Canadian citizenship, and then have the Canadian government decide to tax gambling. Now you are stuck up here, paying taxes anyway. (not that it would be so bad. [img]/images/graemlins/smile.gif[/img])

-Diplomat

[oscark]

I believe I previously read you are in your 20s, which makes this a pretty awful idea.

By the way, from the consistent modesty in your posts, I assume you and BK are related?

Much love,

Oscar

[lawrence]

I really, really doubt you want to renounce your US citizenship. Are you ever going to want to work or live in the US again?

[KaneKungFu123]

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I really, really doubt you want to renounce your US citizenship. Are you ever going to want to work or live in the US again?

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no desire to live in usa, but would like to vacation. if i could never return, itd be a real hard decision.

[ISF]

I knew someone who did this to andorra. There were a variety of drawbacks, including only being able to send like 30 days per year for 10 years here, and is supposed to file taxes for 10 years. I know if you just reside offshore you are exempt from taxes on like your first 80k or so.

[KaneKungFu123]

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I knew someone who did this to andorra. There were a variety of drawbacks, including only being able to send like 30 days per year for 10 years here, and is supposed to file taxes for 10 years. I know if you just reside offshore you are exempt from taxes on like your first 80k or so.

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Hey. I live offshore now. Do I get the first 80K of my gambling wins tax free? or is this only for money already being taxed by another country?

[Punker]

The exemption only applies on earned income, which gambling winnings do not come under.