steveox
Well-Known Member
Why expats are ditching their U.S. passports
3,000 Americans around the world renounced their citizenship last year. Meet five U.S. citizens who have given up their passports -- or are thinking about it -- to escape an overly complicated tax code.
Name: Donna-Lane Nelson, 71
Lives in: Geneva, Switzerland
I renounced my U.S. citizenship in 2011. After I did it, I was so emotional that I threw up outside the embassy.
During my renunciation, I broke down. It was like getting a divorce. America gave me my education, a good career path, and I came from a beautiful part of the country. This was very hard.
Before I took the last oath, I asked if I could change my mind. The embassy worker said maybe, with official permission. But I still went through with it.
My decision to renounce was triggered when my bank threatened to close my account because I was American. What would I do without a bank? Americans in Switzerland were having trouble with their investments, getting credit cards, and some weren't even getting loans.
I've been in Switzerland since 1990, and became a citizen in 2005, because I wanted the right to vote where I was living. The Swiss can tell I have an American accent, and I'm often explaining that I grew up in the U.S. and have a daughter who still lives in the Boston area.
http://finance.yahoo.com/news/expats-ditching-u-s--passports-151127757.html
When I hit powerball or mega millions jackpot IM GOING TO CANADA! And become an Canadian citizen. Under their lotteries law LOTTERY WINNINGS ARE TAX FREE IN CANADA!
http://www.lottery.net/news/canadian-tax-law-is-a-winner-for-lottery-players.asp
Im Going to get an Canadian lawyer AND IM GONNA SUE THE I.R.S! If they touch the first installment.
3,000 Americans around the world renounced their citizenship last year. Meet five U.S. citizens who have given up their passports -- or are thinking about it -- to escape an overly complicated tax code.
Name: Donna-Lane Nelson, 71
Lives in: Geneva, Switzerland
I renounced my U.S. citizenship in 2011. After I did it, I was so emotional that I threw up outside the embassy.
During my renunciation, I broke down. It was like getting a divorce. America gave me my education, a good career path, and I came from a beautiful part of the country. This was very hard.
Before I took the last oath, I asked if I could change my mind. The embassy worker said maybe, with official permission. But I still went through with it.
My decision to renounce was triggered when my bank threatened to close my account because I was American. What would I do without a bank? Americans in Switzerland were having trouble with their investments, getting credit cards, and some weren't even getting loans.
I've been in Switzerland since 1990, and became a citizen in 2005, because I wanted the right to vote where I was living. The Swiss can tell I have an American accent, and I'm often explaining that I grew up in the U.S. and have a daughter who still lives in the Boston area.
http://finance.yahoo.com/news/expats-ditching-u-s--passports-151127757.html
When I hit powerball or mega millions jackpot IM GOING TO CANADA! And become an Canadian citizen. Under their lotteries law LOTTERY WINNINGS ARE TAX FREE IN CANADA!
http://www.lottery.net/news/canadian-tax-law-is-a-winner-for-lottery-players.asp
Im Going to get an Canadian lawyer AND IM GONNA SUE THE I.R.S! If they touch the first installment.
