Subject: Re: OT New Monaco homes
Hi Oscar,

I am not a tax expert, but if you retain your US citizenship won’t you be liable for US income tax even while residing in Monaco?

And surrendering your US citizenship can incur huge expatriation taxes for anyone with a net worth over $2 million.

Not sure how estate taxes work for US citizens not resident in US, but generous exemptions and loopholes mean even deci and centi millionaires pay little if any estate taxes.