The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/these-people-have-taken-their-choice-to-work-and-30838322.aspx

Subject:  Re: Renouncing citizenship for tax purposes Date:  8/22/2013  7:58 PM
Author:  Beridian Number:  119059 of 121144

These people have taken their choice to work and live elsewhere, and are conflicted over the need to relinquish their US citizenship to avoid crushing fines for things over which they have little control.


Well, at the risk of stating the obvious, such people might consider complying with the US tax rules, filing the required documents, and paying their fair share like the rest of us do. Why is this such a problem?

And if having accounts in foreign countries causes problems with documentation, here is another thought, keep your accounts in a US bank.

I agree with the earlier comment, someone who renounces citizenship for tax purposes is unworthy of citizenship in this country, good riddance, just don't ever ask to be welcomed back.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us