Tax on US citizens poses a conundrum for Asia's rich

As the US tightens its oversight of taxpayers, Asia's rich may have to reconsider the US citizenship they have hitherto maintained.

For many years, US citizenship served as a handy safety net for Asia's rich. Like UK and Canadian passports, it offered protection, for example in the run-up to the handover in Hong Kong when some of the wealthy feared wrongly, it turns out that their empires might be dismantled by China. But one of the more onerous parts of being a US citizen is the obligation to pay taxes in the US, no matter where income is earned or...

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CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...