Monday, September 15, 2014

US tax laws harsh on expats

I know three or four Americans who are basically being forced to give up citizenship. If you make simple mistakes it could cost you—it could be a criminal offense, or at least a very financially onerous one.

My filing requirements and possible penalties are very much different [to Americans living in USA]. It is treating Americans who live abroad differently—you would think it is some kind of discrimination.


Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.