The Resource Shameful double taxation of individual expatriates

Shameful double taxation of individual expatriates

Label
Shameful double taxation of individual expatriates
Title
Shameful double taxation of individual expatriates
Creator
Subject
Language
eng
Summary
Pursuant to Code Sec. 877A, special tax rules apply to "covered expatriates." A covered expatriate is generally any U.S. citizen who relinquishes citizenship or any long-term resident who gives up his green card, if such individual (1) has an average annual net income tax liability for the five years immediately preceding the deemed expatriation that exceeds $147,000; (2) has a net worth of $2 million or more on the date of expatriation; or (3) fails to certify under penalties of perjury that he has complied with all U.S. federal tax obligations for the preceding five years or to provide such other evidence as the Secretary of the Treasury may require. This article describes the double tax problems of individual expatriates which might ensue
Citation source
In: International tax journal. - Chicago. - Vol. 37 (2011), no. 4 ; p. 5-8, 57
http://library.link/vocab/creatorName
Miller, M.J
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • deferral
  • anti-avoidance
  • double taxation
  • expatriation rules
Label
Shameful double taxation of individual expatriates
Instantiates
Publication
Label
Shameful double taxation of individual expatriates
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
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