Examine effects of renouncing citizenship on tax liability

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Reference no: EM1393172

Efforts to avoid paying income taxes have been publicized lately as several taxpayers feel unfairly taxed. Let the idea which you would renounce U.S. citizenship to avoid paying taxes on income. Dual citizenship may also be option, but that is more complicated undertaking. Write three to four (3-4) page paper in which you:

Examine the effects of renouncing your citizenship on your tax liability.
Examine the effects of establishing dual citizenship on your tax liability.
Distinguish the effects of renouncing citizenship to establishing dual citizenship on tax liability.
Make dcision if either of these actions is warranted in particular case and define why you think that way.
Recomend other alternatives to decrease tax liability without renouncing citizenship.

Reference no: EM1393172

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