There are millions of people who would do almost anything to be able to get a US passport. Meanwhile, there are millions of people who are eligible to get a US passport, but never do. Yet, there are others who have US passports and give them up.
Such is the case with Denise Rich, the wealthy socialite and ex-wife of billionaire trader Marc Rich. The reason that she has given up her US passport is to avoid paying taxes. Recently, others have followed this trend of renouncing their US citizenship and turning in their US passports. It seems that when they need the United States, they have no problem applying for a US passport. However, when it comes to paying taxes, these people have no problem giving up their US passports.
By getting rid of her US passport, Rich is projected to avoid paying tens of millions of dollars in US taxes.
Denise Rich, a song writer for Aretha Franklin, Mary J. Blige and Jessica Simpson joins the list of other wealthy people who recently gave up their US passports. In a previous Rush Passport™ blog entry, it was reported that Facebook co-founder Eduardo Saverin gave up his US passport and became a citizen of Singapore to avoid paying taxes before the company’s initial public offering in May of 2012.
Almost 2,000 US citizens gave up their passports in 2011.
If you are interested in getting a passport or visa, give us a call at (212) 643-9305. Rush Passport™ Official US Passport Expeditors, serving Brooklyn, The Bronx, Queens, Staten Island, Manhattan, Westchester County, Nassau County & Suffolk County, Long Island, New Jersey, Philadelphia, Pennsylvania and Connecticut.