He says: If the proposed "exit tax" is designed to discourage citizens from exercising their right to renounce U.S. citizenship. I think it is contrary to the law. If it is designed to impose an immediate and substantial financial burden upon citizenson the specific and expressed grounds that they have elected to renounce their citizenship and emigrate to another countryand it is a burden that would not be imposed upon otherwise identically situated citizens who elected to remain American citizens (and did not elect to sell or dispose of their property or take other action that would recognize capital gains liability). then I think you have a very serious problem. In that event. I would want my money "up front" if I were asked to argue before an international tribunal that the proposed U.S. exit tax complies with the spirit of the JacksonVanik amendment.
Keywords matched
emigrate