[SirLJ]

The only problem with the US is that you have to report to IRS even if you live and work in some other place...

[samjc]

The good news here, is that many countries have double taxation treaties. So that you don't get taxed by 2 countries for the same income. https://en.wikipedia.org/wiki/Tax_treaty

[innocentoldguy]

Only to a point. I think the limit is around $100,000.00 nowadays. Anything over that gets taxed by both the country you live in and the U.S. (if you're a U.S. citizen).

[SirLJ]

The problem is if you do business in tax free zones for example...

[innocentoldguy]

I'm currently in the process of moving out of the U.S. to Japan. I'm considering ditching my U.S. citizenship for this reason.

[roywiggins]

Do you have Japanese citizenship? Ending up stateless doesn't seem worth it.

[Mononokay]

I may be wrong, but I believe if not so the US legally can't allow him to renounce his citizenship.

(Allowing a person to become stateless is illegal if I remember correctly, but my memory's ever-so-slightly fuzzy around this topic.)

[innocentoldguy]

My wife is Japanese and obtaining citizenship would be fairly easy. I agree on not ending up stateless.

[toasterlovin]

FWIW, I would much rather be in the US than Japan if China becomes aggressive. Keep your options open. History is long. Pax Americana may be coming to an end.

[infinity0]

Note that on certain US visa applications, they ask you whether you've ever renounced US citizenship for the purposes of avoiding tax.

[mschuster91]

I wonder if it would be possible to state "no, I renounced due to not wanting to be associated with Donald Trump" (or, if you're leaning to the Republican side, Barack Obama)...how are they going to prove otherwise?