Economic Tip of the Day: August 22, 2012


 

Did you know that American billionaires are renouncing their citizenship in record numbers to avoid paying increased tax rates? The U.S. discourages this practice by releasing a quarterly publication naming all recently renounced former citizens. If the U.S. government can prove the renunciation was motivated by a desire not to pay taxes, the former citizens can be arrested if they ever return to the United States.

 

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    1. Economic Tip of the Day: August 24, 2012 « Econoblog
    2. Economic Tip of the Day: August 25, 2012 « Econoblog

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