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Comment by sp332 | Hacker News Reader

Good thing he's not avoiding taxation then. I'm not sure where that idea started, actually. When he leaves, he will have to pay an "exit tax" that's just as if he'd sold all his stock. The standard 15% capital gains tax would come to about half a Billion dollars! So he's actually going to be paying a lot of taxes when he leaves.

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Yes, but then he won't have to pay additional capital gains tax on the stock if it happens to skyrocket in the years following his renunciation of citizenship. You only pay tax on the profit you make on stock investments, so any profit he stands to make in the years following his renunciation will be tax free.

Any profit he stands to make in the years following will be taxed according to the laws of his new residence.

Yes but they won't be US taxes, which are the only taxes US immigration law cares about in this context. He's still avoiding US taxes.

As itsmequinn said, tax free.

http://en.wikipedia.org/wiki/Capital_gains_tax#Singapore

As I read the relevant law, it's sort of a de facto determination that you're renouncing your citizenship for tax reasons if your net worth or income are over certain limits (which he's waaaay over).

It's possible to have that de facto determination overruled by certain government officials if you can present a convincing case to the contrary, but I haven't seen anything indicating that he's done that.

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