Showing posts with label Citizenship. Show all posts
Showing posts with label Citizenship. Show all posts
Thursday, June 19, 2008
America's Berlin Wall
Anyone interested in renouncing their U.S. citizenship? Tired of that U.S. passport and ready to give it up? Here is a link to a very interesting and, at least for me, unexpected article in The Economist magazine regarding a proposed law to heavily tax expats on their net worth of US$ 2 million or more, if they surrender their passports and renounce their U.S. citizenship. Reading this article would have had little impact on me before my move to Canada. I don't, however, have this kind of wealth (yet?), Canada and the U.S. currently have a taxation agreement, and I will always keep my U.S. citizenship.
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