Citizenship Abroad to Avoid Paying Taxes...

[KaneKungFu123]

The fact that these UK 'blokes' dont have to pay taxes makes me green with jealousy. I'll owe Uncle Sam an abusrd amount of money, perhaps a $100K at the end of the year. If it costs even half of that to establish citizenship in another country Ill eat my hat.

Has anyone put in any serious research about giving up US citizenship in exchange for that of another country?

[Ulysses]

If you want to renounce your US citizenship and become a citizen elsewhere, this is pretty easy to do in a lot of small countries for a small fee with minimal requirements.

[Punker]

Renouncing your US citizenship is not that easy, especially if the US gov't belives you are doing so for tax purposes. US gov't

"Also, persons who wish to renounce U.S. citizenship should also be aware that the fact that a person has renounced U.S. citizenship may have no effect whatsoever on his or her U.S. tax or military service obligations (contact the Internal Revenue Service or U.S. Selective Service for more information)."

[mackthefork]

Sure pop over here for a month, and pay the equivalent of $1100 for a 2001FP, $11 for a gallon of petrol, twice as much as you pay for almost any computer component or any consumer electricals. Pros and cons on everything, I wouldn't move from the UK, but you would be crying out for home after a couple of days, taxes on imaginary earnings or no.

Mack

[Derek in NYC]

People like you make me want to puke.

[Diplomat]

This is a pretty bad idea if you plan on doing anything for a living besides gambling, and because laws are never static.

-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

[KaneKungFu123]

why? i dont want bolivian citizenship. im talking uk, france, swiss, etc...

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This is a pretty bad idea if you plan on doing anything for a living besides gambling, and because laws are never static.

-Diplomat

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[KaneKungFu123]

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People like you make me want to puke.

[/ QUOTE ]

likewise

[KaneKungFu123]

stupid nonsense.

[ QUOTE ]
Sure pop over here for a month, and pay the equivalent of $1100 for a 2001FP, $11 for a gallon of petrol, twice as much as you pay for almost any computer component or any consumer electricals. Pros and cons on everything, I wouldn't move from the UK, but you would be crying out for home after a couple of days, taxes on imaginary earnings or no.

Mack

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