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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: kumar who wrote (98334)	5/15/2003 12:37:53 PM
From: Brian Sullivan	Read Replies (1) \| Respond to of 281500

Yes your link clearly states: E. TAX & MILITARY OBLIGATIONS /NO ESCAPE FROM PROSECUTION 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). In addition, the act of renouncing U.S. citizenship will not allow persons to avoid possible prosecution for crimes which they may have committed in the United States, or escape the repayment of financial obligations previously incurred in the United States. Perhaphs I should have been more clear and said that as far as US taxes are concerned it does you no good to revoke your citizenship.

To: kumar who wrote (98334)	5/16/2003 1:45:52 AM
From: Sultan	Respond to of 281500

I still find it hard to believe that even after revoking citizenship, you'd be hounded.. Here in Canada for example, tax is based on residency, not citizenship.. What that means is, if you are going to move overseas for a job and if the stay is supposed to be over 2 years, then you can file a piece of paper before departure with Tax folks.. You will have to prove that you are moving away and the way you do that is by cancelling locally issued credit cards, your driver license, health insurance etc. and paying off any taxes due, whether income or investment related.. If you own a house, and if you don't want to sell it, then it better be leased for a longer time frame.. That is about it.. You are home free to move any where you want (actually there was a popular book here in 1980s outlining everything, including best places one could go, to avoid paying any taxes... It was appropriately titled "Take your money and Run") and no one will chase you.. If you decide to come back, no problem.. You are still a citizen.. For some reason, I thought US laws would be more or less equivalent; although I knew that US taxes are collected on the basis of citizenship and not necessarily residency..