Ahh yes cause and affect. Tax the 1% who have the ability to leave and guess what? Smart going, never said this was going to happen. Good luck find more revenue for our budget deficit now. Wait we still have the remainder of the middle and lower classes to tax the shit out of. The U.S., the only nation in the Organization for Economic Cooperation and Development that taxes citizens wherever they reside, is searching for tax cheats in offshore centers, including Switzerland, as the government tries to curb the budget deficit."With the looming deadline for Fatca, more and more U.S. citizens are becoming aware that they have U.S. tax reporting obligations," said Matthew Ledvina, a U.S. tax lawyer at Anaford AG in Zurich. "Once aware, they decide to renounce their U.S. citizenship." Expatriates giving up their nationality at U.S. embassies climbed to 1,131 in the three months through June from 189 in the year-earlier period, according to Federal Register figures published today. That brought the first-half total to 1,810 compared with 235 for the whole of 2008. finance.yahoo/news/americans-giving-passports-jump-sixfold-105958873.html
Posted on: Sat, 10 Aug 2013 10:57:21 +0000
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