A gripping eight-page feature story appeared in the 29 Feb-6 Mar 2016 issue of Bloomberg Businessweek (50-57). The main theme is the wranglings to save the near-extinct South China tiger. The account includes an interesting sidelight paragraph on how protagonist Stuart Bray has abandoned his U.S. citizenship.
Born and raised in America, he lives in London and maintains Belgian citizenship. A former executive at Deutsche Bank, his natural habitat is Wall Street or the Square Mile of London, where he spent a career in structured finance.
From the following passage, it appears that Bray has put his tax motivation on public record — and himself square in the crosshairs of the Reed amendment?
Just when the project needed it most, there was an unexpected windfall. While Bray was fighting with Deutsche Bank over his options, the bank put out a news release. Bray claimed that it implied his old division was caught up in a U.S. tax probe, which wasn’t the case, and he sued for libel. The suit, along with the stock dispute, was settled out of court. In 2009 he arranged for Deutsche Bank to pay £20 million to a Save China’s Tigers charitable trust as a tax-free donation. The same year, Bray gave up his American citizenship and became a Belgian national, saying he didn’t want the organization to face onerous U.S. taxes.