Sorry if my question is silly but genuinely why wouldn’t rich people in the US become citizens in cities like SG and HK for tax purposes if these cities have 0% capital gains tax.
I recently learned that if I become a US citizen I’ll have to pay 15% on my earnings. That sounds like a pretty terrible deal. Wouldn’t it be better to trade as a Singaporean or Hong Konger? I know Singaporean PR is hard to get but it’s not THAT hard.