Posted on 11/09/2020 11:44:31 AM PST by yesthatjallen
The former CEO of Google, Eric Schmidt, is finalizing a plan to become a citizen of the island of Cyprus, Recode has learned, becoming one of the highest-profile Americans to take advantage of one of the world’s most controversial “passport-for-sale” programs.
Schmidt, one of America’s wealthiest people, and his family have won approval to become citizens of the Mediterranean nation, according to a previously unreported notice in a Cypriot publication in October. While it is not clear why exactly Schmidt has pursued this foreign citizenship, the new passport gives him the ability to travel to the European Union, along with a potentially favorable personal tax regime.
The move is a window into how the world’s billionaires can maximize their freedoms and finances by relying on the permissive laws of countries where they do not live. Schmidt’s decision in some ways mirrors that of another famous tech billionaire, Peter Thiel, who in 2011 controversially managed to secure citizenship in New Zealand.
SNIP
(Excerpt) Read more at msn.com ...
Because the billion dollar Marxists only want YOU to pay more taxes
The Turkish part?
RE: The former CEO of Google, Eric Schmidt, is finalizing a plan to become a citizen of the island of Cyprus, Recode has learned, becoming one of the highest-profile Americans to take advantage of one of the world’s most controversial “passport-for-sale” programs.
Question — since the USA recognizes dual citizenship, is he going to give up his American citizenship and passport?
If not, then his income outside the USA is STILL TAXABLE and the IRS can still get their hand on them.
“Uncle Joe” and his followers may find his income tax plans falling $hort.
Now you know hes a crook. The only reason to have any dealings there is to launder money.
The rich could borrow on their stock holdings at bank CD rates for ten years.
This would be like paying negative income tax rates.
Is child sex legal there?
Maybe he can hang out with Hanks in Greece every now and then.
Apparently its not a simple matter of “no extradition”. As far as I can see, if the US accuses him of a crime, Cyprus will give him up. I had assumed that was the goal, but I was wrong.
That’s where all the Russian oligarchs hide their money
Is this about money?
My first thought was he wants to get out before there's an investigation into Google.
Exactly.
“and his family”
Which one? Schmidt is reputed to operate like Hugh Hefner.
Cyprus has a wonderful climate.
It is closer to most travel hot spots than California.
Don’t expect Biden’s under $400000 tax promise to last.
In other declining-meaning-of-citizenship news, the USA is a senate runoff away from being declared a borderless open-zone.
Article 4(3) provides that extradition shall not be granted
if the executive authority of the Requested State determines
that the request was politically motivated.
That’s from the treaty we have with Cyprus.
I’d say extradition being the motive is still a good bet.
Greek or Truk?
The Biden Crime Family Money Laundering went thru CYPRUS! hmmmmm.
LOL. I was thinking the same thing. Wait till one of those mini-wars breaks out there again as it has so many times in the past.
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