Invest Offshore

Tag: citizenship

  • Giving Up U.S. Citizenship – Estate and Gift Tax Traps

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    by

    Aaron
    in

    It may be a common misunderstanding that a U.S. citizen or permanent resident (Green Card holder) can give up their citizenship or surrender their Green Card and then as a non-U.S. taxpayer make gifts or pass their estate to U.S. taxpayers free of estate and gift tax. The IRS recognized this loophole and has proposed…

  • Citizenship and Passport

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    by

    Aaron
    in

    Citizenship can be loosely defined as the legal relationship between a person and the sovereign nation in which he or she lives, a status defined by the law of that nation, conferring or limiting a person’s duties and rights. The most common means of acquiring citizenship is by birth within the borders of a nation.…

  • Can Second Citizenship Reduce Taxes

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    by

    Aaron
    in

    There are eight criteria governments consider to determine your personal tax status. The most important of these are citizenship, residence, and domicile. In addition, your marital status, source of income, location of assets, timing, and status of beneficiaries may impact your tax status. Citizenship, the status of being a citizen of a specific nation state,…