Author Topic: LAURYN HILL EXPLAINS HER TAX SITUATION, AND OTHER THINGS  (Read 983 times)

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Re: LAURYN HILL EXPLAINS HER TAX SITUATION, AND OTHER THINGS
« Reply #30 on: July 09, 2012, 11:30:55 AM »
SeeYa! Say, does this means she forfeits her right to vote?
How D. Rich Avoids Paying United States Taxes
"I'm Still Rich!"

According to Yahoo! News, Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship - and, with it, much of her U.S. tax bill.

Rich, 68, a Grammy-nominated songwriter and glossy figure in Democratic and European royalty circles, renounced her American passport in November, according to her lawyer.

Her maiden name, Denise Eisenberg, appeared in the Federal Register on April 30 in a quarterly list of Americans who renounced their U.S. citizenship and permanent residents who handed in their green cards.

By dumping her U.S. passport, Rich likely will save tens of millions of dollars or more in U.S. taxes over the long haul, tax lawyers say.

Rich, who wrote songs recorded by Aretha Franklin, Mary J. Blige and Jessica Simpson, is the latest bold-faced name to join a wave of wealthy people renouncing their American citizenship.





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http://finance.yahoo.com/news/socialite-denise-rich-dumps-u-s--passport.html