American Immigrants: A Probe into the Phenomenon of Abandoning Green Cards and Naked Officials by Immigration Experts

This article on the discussion of American immigrants: immigration experts introduce the phenomenon of giving up the green card "* official" is specially compiled for everyone, hoping to help everyone.

Immigration experts introduce American immigrants who give up their green cards. After the IRS issued the first batch of "Surrender Plan" for overseas property, some residents of Taiwan Province Province in the United States gave up their green cards in order to keep their assets in Taiwan Province Province, and the business of American accounting firms for China clients increased significantly.

The official publication of the US government, the Federal Gazette, shows that in 20 10 years, more than 1500 Americans gave up their American citizenship (of course, this is only a small number of American expatriates), with an average of nearly 400 per quarter. At the same time, the number of expatriates in 2008 was only about 230. Although the IRS did not point out why these people gave up their American citizenship, who they were and where they went, some American lawyers said that most of them were rich people with dual citizenship and immigrated to any country.

The procedure of giving up can be simple or complicated. If you can prove that you have been paying income tax for the past five years, then everything goes well; I'm sorry if they don't pay taxes according to law. According to the provisions of the new voluntary declaration scheme, these people need to pay taxes and interest for eight years, plus a fine, the amount of which is 25% of the account balance of the punished person in the past eight years.

In addition, within 10 years after giving up American citizenship, as long as you stay in the United States for more than 30 days in a year, it is still your obligation to pay income tax to the American government.

In order to avoid tax, some wealthy immigrant families will adopt the practice of separate tax returns for husband and wife. Half of them will give up their household registration/card and file tax returns in the name of "non-resident foreigners", while the other half will keep American or green cards. Some immigration lawyers said that this can really achieve the purpose of tax avoidance, but it is irreversible to give up the procedure, so we should make a careful decision.

The news that the US Internal Revenue Service announced the detailed rules for the implementation of FATCA also caused the discussion on the phenomenon of "officials" among netizens in China, believing that it made it impossible for them to hide the assets of foreign banks such as the United States.