— U.S. Citizen Abroad (@USCitizenAbroad) January 6, 2013
Giving up Your US Green Card – Make Sure It is Done Correctly or Pay the Price! | Let’s Talk About: US Tax blogs.angloinfo.com/us-tax/2012/12…
— V. La Torre Jeker JD (@VLJeker) January 9, 2013
This is a post from the RenounceUScitizenship blog that appeared about a week ago. It’s worth remembering that the U.S. claims the right to tax “U.S. persons”. The series of Cook v. Tait posts (1 to 5) strongly suggests that there is no justification whatsoever for citizenship-based taxation. But, remember that the U.S. is also claiming the right to tax “Green Card Holders” who no longer reside in the U.S. If the justification for taxing U.S. citizens abroad is weak, then the justification for taxing “Green Card Holders Abroad” is non-existent. To put it simply the taxation of Green Card Holders who:
1. Don’t reside in the U.S.; and
2. Do reside in other countries
is stealing from the Treasury of other nations. It’s high time that the world wakes up to what the U.S. is really doing! This doesn’t even consider the impact of FBAR, FATCA and any other F words!