Expatriation is the only logical approach if companies want a level playing field when competing in global markets.
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As previously noted, a long-term resident will be covered by the same expatriation rules as a US citizen.
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Libertarians and conservatives, by contrast, explain that expatriation is the result of an onerous tax system that imposes high tax rates and requires the double taxation of foreign-source income.
FORBES: When A U.S. Company Redomiciles To The Cayman Islands, What Lesson Should We Learn?
Following the trial, the Lindberghs left America, hoping through a temporary expatriation to protect a new Lindbergh infant from harm and to recover some measure of the privacy they coveted.
For a remarkably brief period of time this, was a hot topic because Eduardo Saverin, one of the founders of Facebook, was the poster boy for (purported) tax-motivated expatriation.
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"For someone wealthy enough that expatriation tax is an issue, it's worth paying someone to avoid it, " says Richard LeVine, an international tax lawyer with Withers Bergman in New Haven, Conn.
As Forbes contributor Kelly Philips Erb explained, expatriation laws mean that any assets Saverin has when leaving the country are treated as though they are sold on that date, and taxed accordingly.
Now, as we near what, likely, will be a tax compromise with higher tax rates for many, it seems that tax-motivated expatriation is likely to rise, albeit from a fairly low base.
FORBES: Renouncing One's US Citizenship -- Meaningful Trend Or Visceral Overreaction?
To avoid being subject to the U.S. estate tax an expat has to live for more than ten years after expatriation or die in 2010--the year in which the U.S. estate tax disappears for one year.
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