Why More and More Americans are Abandoning Their US Citizenship

The Daily Reckoning ^ | 07/03/2012 | Eric Fry

[aMorePerfectUnion]

You are right.

Of course, if you are renouncing your citizenship, staying in the USA is pointless.

[JD_UTDallas]

Title 18, USC Chapter 44, Section 922

There are exemptions for "loans" or rental for lawful sporting purposes even by aliens and citizenship renouncer's, you would have to have a valid nonresident hunting license to loan or rent a gun. There are also exemptions for corporations of person who have a corporation in the state they wish to purchase said fire arm if one owned a corporation in a state that does not prohibit foreign owned corporations of person then there is an exemption that such a corporation even if majority owned by a renouncer could still transfer a fire arm. This is the same loop hole that LLC use to get around the chief law officer requirement for class 3 tax stamps, Corporations are individual entities in the code so the former citizen is not in possession nor purchasing the firearm the corporation is and that is perfectly legal. The code is long but its all in there. There is some legal debate about if a corporation allows a person disqualified under part 5 which includes former citizens to posses for more than temporary legal sporting use. The whole thing is mentalmasterbation as if your going to give up your passport why would one remain stateside? Your are right that under the yellow form a former citizen is disqualified but there are many ways around that form I just showed the most common 2.