Survey of Citizens Renunciation Intentions: A Lannister Always Pays His Debts, but Americans Change Kingdoms to Evade Taxation
After the IRS shouted “Dracarys” in 2010, the Foreign Account Tax Compliance Act (FATCA) breathed fire on American taxpayers, causing more chaos than the destruction immortalized in the Rains of Castamere. The law mandates that U.S. citizens, including those residing outside the country, report their financial accounts outside the U.S. The IRS didn’t stop there; using its network of spiders, the IRS is compelling global non-U.S. financial institutions to report any U.S. persons on their books to the U.S. Treasury.
As you can see, there’s no way out of this mess. However, some people try tricking the IRS, Read more