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Reviews tax and immigration rules related to citizen relinquishment and residency termination.
This Congressional review covers the tax rules related to tax-motivated citizenship relinquishment and residency termination that were enacted in 1996. Since 1966, special tax rules have applied to a U.S. citizen who relinquishes U.S. citizenship with a principal purpose of avoiding U.S. taxes. In 1996 significant changes were made to these rules.
Includes legislation, U.S. Tax Court and other court decisions, and U.S. Treasury decisions.