“What if I were to tell you that you can gain many of the tax benefits of expatriation without giving up your US citizenship? The goal of this planning strategy is to leave America without leaving it for citizenship purposes. Puerto Rico (PR) passed a series of stunning tax legislation in 2012, making the US Commonwealth highly desirable as a jurisdiction from a tax standpoint. This article will focus on an alternative strategy to a taxpayer giving up their US citizenship for tax purposes and instead becoming a Puerto Rican resident for tax purposes.”
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