Quote from: rolling on December 23, 2017, 12:32:17 AM

There is really no good loophole. They have locked it all down. What you describe would be a "Controlled Foreign Corporation" which has it's own issues. Giving up citizenship has an exit tax plus they will still come after you years later if they find out you didn't pay what you owed.

All the more reason to leave as soon as possible. I wouldn't want to be held hostage for the rest of my life.

Quote from: itod on December 23, 2017, 12:36:00 AM

Quote from: BTCMILLIONAIRE on December 23, 2017, 12:27:42 AM

Does the US not have double taxation treaties though? In some places you can just create an offshore company, tax your profits in a different legislation, and then be exempt from further taxes under your own legislation due to the treaty as you've "already paid them" (even if the taxes are as low as 2% or even 0%).

That's why a lot of rich people all over the world choose Monaco for the residence. They pay lover income taxes there and don't pay in their domicile country. Nobody pay's income tax twice, can't believe it's current US law.

Probably because most people just bend over and do as told. Stockholm syndrome much?

Quote from: nikauforest on December 23, 2017, 12:31:41 AM

I was a US citizen. I gave it up in 2014, the tax laws are just too complicated. Simple honest mistakes can generate huge fines.

Well, not like the tax system was created to help out honest people who desire a simple life in the first place.