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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Amy J who wrote (22199)1/26/2005 6:43:05 AM
From: redfish  Read Replies (2) of 116555
 
As I recall what the law does is trigger income recognition on all appreciated assets if you renounce your citizenship. I don't think it depends on which nation you are moving to.

If you bought XYZ stock for $100 and it is worth $500 when you renounce, the capital gain is recognized and you have to pay the tax on it before you renounce.
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