(MintPress) – With the number of Americans renouncing their citizenship last year exceeding 1,700, two U.S. lawmakers are proposing legislation that bans expatriates from reentering the country in addition to being taxed when they leave. The proposal, named the Ex-PATRIOT Act (Expatriation Prevention by Abolishing Tax-Related Incentives for
Ex-PATRIOT Legislation Taxes Those Renouncing U.S. Citizenship
Sen. Charles Schumer, D-N.Y., gestures during a Capitol Hill news conference Tuesday, June, 13, 2006. Schumer recently proposed legislation that would tax U.S. expatriates. (AP Photo/Evan Vucci) (MintPress) – With the number of Americans renouncing their citizenship last year exceeding 1,700, two U.S. lawmakers are proposing legislation that bans expatriates from reentering the country in […]