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US Senate To Retroactively Punish Runaway Tax Slaves
June 21, 2013 Bio Bio Region, Chile Years ago, it was virtually unheard of for someone to give up his/her US citizenship. Then, one by one, a handful of famous cases surfaced… like Sir John Templeton, who renounced his US citizenship in 1964 and moved to the Bahamas. At the time, Templeton was able to save $100 million that he would have otherwise had to pay in taxes to the US government. But anyone view Templeton poorly for his lack of patriotism, it’s important to note that the man was one of the greatest philanthropists in history.
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