third world vs. first world

[JohnSeed]

In that case you are not liable to pay tax in the USA any longer. You could obtain a VISA for other residence permit in some low- / no tax country. So you can earn all the money that you want without to pay tax. Most jurisdiction will require you to pay some sort of "tax" either directly where it is a tax rate or they will ask you to pay a fixed fee each year like in St. Vincent as far as I remember.

 

[donald bathe]

In that case you are not liable to pay tax in the USA any longer. You could obtain a VISA for other residence permit in some low- / no tax country. So you can earn all the money that you want without to pay tax. Most jurisdiction will require you to pay some sort of "tax" either directly where it is a tax rate or they will ask you to pay a fixed fee each year like in St. Vincent as far as I remember.

since you said american citizens/legal permanent residents cannot escape FATCA, what about legal permanent residents of canada/australia/new zealand? are they just as well forced to declare offshore bank accounts like americans or not? what about other nations that dont have specific laws pertaining to offshore bank accounts? rsvp