Bloomberg BNA's Daily Tax Report published Part I of an article by Tax & Business Services Manager Ragini Subramanian about the intricacies of becoming an expatriate.
Bloomberg BNA
By Ragini Subramanian, Manager, Tax & Business Services
Excerpt:
Relinquishing U.S. citizenship or U.S. residency is not easy, as a myriad of complex U.S. tax laws must be complied with before and sometimes even after expatriation. A thoughtful consideration of the kinds, value, and location of assets held before and after expatriation, how will they be taxed in the U.S. as well as in the country that will be home after expatriation, and many other factors need to be reviewed before undertaking expatriation.