New Corporate Tax Shelter: Merger Abroad http://t.co/0Xx3CcWfZ9 – Corporate renunciation of US citizenship – Remove #IRS value discount
— U.S. Citizen Abroad (@USCitizenAbroad) October 10, 2013
If you haven’t seen the article referenced in the above tweet, you should read it and perhaps comment. There is clearly an “IRS Discount” associated with any U.S. person or entity. They just aren’t worth as much as other people. Sad but true.
The Readers Digest version is:
Corporations are simply merging with non-U.S. companies to end “US person” status. Too bad individuals can’t marry non-U.S. citizens and end their status of U.S. citizenship. This is a fascinating article.
Holy Grail objective is described as follows: