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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121446  
Subject: Re: Renouncing citizenship for tax purposes Date: 8/22/2013 9:21 AM
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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.

Huh? They have little control over filing a return and reporting foreign accounts? The one thing in the article that evoked some sympathy from me is the growing reluctance of foreign financial institutions to do business with US citizens. It's especially bothersome for the poor, beleaguered Swiss banks, which have long prided themselves on being a safe place for war criminals, despots who have looted their homelands, and perpetrators of genocide to hide their assets.

Phil
Rule Your Retirement Home Fool
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