(MintPress) – With the number of Americans renouncing their citizenship last year exceeding 1,700, two U.S. lawmakers are proposing legislation that bans expatriates from reentering the country in addition to being taxed when they leave. The proposal, named the Ex-PATRIOT Act (Expatriation Prevention by Abolishing Tax-Related Incentives for
Ex-PATRIOT Legislation Taxes Those Renouncing U.S. Citizenship
(MintPress) – With the number of Americans renouncing their citizenship last year exceeding 1,700, two U.S. lawmakers are proposing legislation that bans expatriates from reentering the country in addition to being taxed when they leave. The proposal, named the Ex-PATRIOT Act (Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy bill) is being backed by […]