Tuesday, July 10, 2012

American socialite dumps US nationality and most taxes by becoming Singapore citizen...

Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship - and, with it, much of her U.S. tax bill.

Rich, 68, a Grammy-nominated songwriter and glossy figure in Democratic and European royalty circles, renounced her American passport in November, according to her lawyer.

Her maiden name, Denise Eisenberg, appeared in the Federal Register on April 30 in a quarterly list of Americans who renounced their U.S. citizenship and permanent residents who handed in their green cards.

By dumping her U.S. passport, Rich likely will save tens of millions of dollars or more in U.S. taxes over the long haul, tax lawyers say. Full story...

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  2. Singapore beating Switzerland at its own game - taxes.
  3. Singapore's low taxes attracting top Geneva traders...
  4. Singapore replacing Switzerland as global financial haven?
  5. Facebook co-founder becomes Singapore citizen to save millions on taxes...
  6. Why I love living in Singapore...
  7. More and more Swiss-Americans ditch US passports...
  8. Singapore has the highest proportion of millionaires in the world...

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