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by vkou 1815 days ago
That legal loophole exists. They can leave the country and renounce their citizenship.
1 comments
ceilingcorner 1815 days ago
Exit taxes are pretty rough. You also cannot renounce citizenship if your explicit reason is to avoid taxes.

Hotel California indeed.

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vkou 1815 days ago
If you have no intention of coming back, there is next to no recourse against you.
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ralph84 1815 days ago
Good luck getting a bank account anywhere except in the most remote places of the world if you left the US with unpaid taxes. Everywhere else the banks will comply with FATCA and want nothing to do with you [0].

[0] https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance...

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vkou 1815 days ago
Okay, so you're not entitled to skip out on owed obligations, but there will be no future ones.
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