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So if you have a foreign bank account means that’s

an offshore bank account?

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Yah but smart ppl do it in non taxable places like Puerto Rico. But I don’t know the details behind Peter schiffs f up .

Charlemagne-Holdt Автор вопроса
BlueVanillaIce
Yah but smart ppl do it in non taxable places like...

For instance Boris Johnson was born in NY, but he gave up US citizneship becuase US govenrment demanded him to pay tax because he had properties in London that is a foreign country from the State.

Charlemagne-Holdt Автор вопроса

Okay, basically Boris Johnson was born in NY but his paraents are British. -> His family and him moved to London when was hie childhood. -> BJ got inherited some houses(real estate) from his parents -> Since BJ is default US citizen due to his birth in the State, US government demanded him to pay tax from his house in London -> BJ said fuck off to US government and renounced his citizenship. https://www.theguardian.com/us-news/2021/dec/31/americans-seeking-renounce-citizenship-stuck

Charlemagne Holdt
Okay, basically Boris Johnson was born in NY but h...

Bro to top it off BJs dad is french 😂😂❤️

Charlemagne-Holdt Автор вопроса
BMAN
Bro to top it off BJs dad is french 😂😂❤️

But France doesn’t demand him to pay tax from houses he has in London though?

Charlemagne-Holdt Автор вопроса
BMAN
Hes resigned anyways thank fucking god

In other words why the fuck does the State(US) enforce you to pay taxes that you have properties in a foreign country?

Charlemagne Holdt
In other words why the fuck does the State(US) enf...

😂😂😂😂 thats us for u, every cointry has there own fucked up rules, and this is the reason why i woudl rather stick to third world countries

Charlemagne-Holdt Автор вопроса
BMAN
Hes resigned anyways thank fucking god

Let’s factor politics out. I’m just interested in why US government demand you to pay taxes from properties that you have in a foreign country. That’s why so many US citizens including Nomad Capitalist renounce their US citizenship.

Charlemagne Holdt
Let’s factor politics out. I’m just interested in ...

Bro when if u live in a diffeenr country 11 ‘onths in the year u stil have to pay tax in us 😂😂

Charlemagne-Holdt Автор вопроса
BMAN
😂😂😂😂 thats us for u, every cointry has there own f...

Where else do other government demand you to pay tax from properteis that you have in a foreign country?

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