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Is France Really Proposing Citizenship Taxation? A Discussion With @PatienceIsAlpha
Manage episode 448397196 series 3071154
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November 3, 2024 - Participants include:
Patience Is Alpha - @PatienceIsAlpha
John Richardson - @ExpatriationLaw
There has been occasional discussion about France (and other countries) beginning "citizenship taxation". Those who understand citizenship taxation will understand that it is used to keep people and capital locked in!
For reasons previously discussed (tax treaties, etc.), it may be difficult for France to adopt citizenship taxation in a meaningful way. That said, over the last quarter century we have seen a reversal of the 20th century order. The first world democracies have used their tax systems to become some of the most repressive countries in the world. On the other hand, the least free countries of the 20th century are becoming less repressive.
In today's podcast, I am joined by @PatienceIsAlpha (a prolific commentator on X.com). He has both a keen interest in tax residency, tax treaty and exit tax issues. He also has an interesting history.
In this podcast he discusses his journey from France to becoming a Permanent Resident of Canada to becoming a Green Card holder in the USA. He is now confronted with the decision of whether to naturalize as a U.S. citizen. Will U.S. citizenship benefit him under the France U.S. tax treaty?
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