> we'd still be on the hook for taxes for (iirc) 15 years
> we'd still be on the hook for taxes for (iirc) 15 years
> Further, expatriated individuals will be subject to U.S. tax on their worldwide income for any of the 10 years following expatriation in which they are present in the U.S. for more than 30 days, or 60 days in the case of individuals working in the U.S. for an unrelated employer.
The law was hastily passed to discourage copycats while working on the exit tax law without haste.