[neutered_knot]

I wonder if this is the "one weird hack" to expand the tax base of a country. Just grant citizenship, then start sending tax bills.

"Dear Mr. Musk, here is your Argentinian Citizenship! We welcome you with open arms! P.S. please note that as of 2020 we have in place a tax on high-wealth individuals. The appropriate agency will be in touch. Renouncing citizenship takes about a year"

[antman]

Except US I think almost all other countries dont tax only for citizenship, residency is also required

[beaeglebeach]

There is another despot that does it, Eritrea

US also imposes an unrivaled insane extraterritorial law (FATCA) on foreign banks requiring them to do expensive reporting on US persons, making them worldwide pariahs in the banking system even when they hold dual citizenship.

[ztetranz]

Most countries don't tax their citizens when they live elsewhere and have no income in the country. There is one notable exception.

[Svip]

Eritrea? Since there are actually two exceptions, although one is definitely less notable than the other.

[closewith]

The US is certainly an outlier, but domicile taxes are not at all unusual, especially at high net worth.

[simondotau]

That one notable exception also charges a tax for renouncing citizenship.

[PopAlongKid]

You mean the income tax on income sourced to the U.S. prior to leaving?

[simondotau]

https://www.forbes.com/sites/robertwood/2015/10/23/u-s-has-w...

[impish9208]

> There is one notable exception.

There are two actually.

[the_af]

It's pretty safe to assume this is not the case, countries don't "trick" people into citizenship for this. Plus Steve would know the implications of accepting this citizenship, and could challenge it and not pay a dime if there were hidden clauses.