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Investors Offshore
| US resident seeking...not to be! |
I'm a US resident seeking to terminate my residence in the next coupe of years - thinking of moving to sunnier shores. Anyone got any recommendations (young, free and single and moderately independently wealthy, if it helps!)
Also, how long will my association (for tax purposes) with the US last? Please tell me not forever...!Rick |
| Reply | Start
New Thread |
REPLY: Your liability to pay tax to the US government lasts as long as you remain a US citizen. Almost all other countries tax only residents.
If you acquire another citizenship and renounce US citizenship (which is difficult, because the US govt doesn't like losing a source of money, but possible), you will find it harder to enter the USA as a visitor. Therefore, I would suggest you live outside the US for several years before taking this step, to make sure you are comfortable cutting yourself off completely from the US.Jefferson |
REPLY: Hi Rick, I can recommend a US based organisation that informs people like you about the issue you have questions about. Their website is www.sovereignsociety.com
You can subscribe on-line to their daily A-letter which is free. This daily information informs about many tax/freedom/investment/dual nationality issues.
Good luck.Jacques Hebbelinck |
REPLY: Thanks guys - food for thought!
Rick |
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