U.S. Citizens in Canada InfoShop

2012 May 17 – Tsukayama

Hayley Tsukayama
Facebook co-founder Saverin targeted by U.S. senators for tax ‘avoidance scheme’
Washington Post (17 May 2012)


In response to the recent Savarin renunciation of US citizenship, Senators Schumer and Casey say they will propose an Ex-PATRIOT Act to reimpose avoided taxation and to bar reentry to the United States. “Under the proposal, ‘any expatriate with either a net worth of $2 million or an average income tax liability of at least $148,000 over the last five years will be presumed to have renounced their citizenship for tax avoidance purposes,’ according to a release from Schumer’s office.”

Written by usxcanada

17 May 2012 at 6:00 am

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