U.S. Treasury admits: people don’t emigrate to high-tax countries to avoid U.S. tax #GATCA

The U.S.’ tax treaty with the Netherlands has an unusual provision in its “saving clause”: taxes on former U.S. Persons in the Netherlands cannot be imposed on Dutch citizens, only on non-citizens. Unfortunately, today this provision makes little difference, because the expatriation tax occurs on the day before expatriation, when you are not yet a […]

via The Isaac Brock Society http://bit.ly/12NoSjI