Comments by "Matthew Nirenberg" (@matthewnirenberg) on "The Global Minimum Tax for Individuals" video.

  1. The only concern is that when the idea of laws that prevent a govt from revoking your citizenship exist, that usually (but not always) means that you can't renounce which could have future implications such as citizenship based taxation, global taxation, etc. Argentina guarantees that citizens can't lose citizenship and thus they can't renounce it even if they hold other citizenship's. Poland and Hungary enshrined in their constitutions that citizenship can't be revoked by the govt under any circumstances and that an individual may ask for permission from the President to renounce their citizenship but the President can refuse to permit it. Their reasoning was that during communism many were exiled and stripped of their citizenship for either not being considered acceptable or for not being in support of communism. In 2008 the Polish President automatically restored citizenship to all who were exiled (and their descendants) and could prove they were citizens after the 3rd of May 1926 (i.e. birth certificate, national ID, expired passport, etc.). Hungary did the same in 2010. These are three examples that I know of where guarantees of citizenship & prevention of govt removing it can result in it being impossible to renounce should you ever need to do so.
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  2. Given this potentially happening (by 2025 or 2030), that brings to light one interesting question that my neighbour had which I've honestly never thought about before: "Can a relative or friend pay for citizenship by investment (the main large fee) or does the individual applying have to pay? If not, could the relative or friend gift the money (complying with gift tax laws) and then the money be used to pay or does the person applying have to demonstrate they earned the money over a long (12+ months) period?"
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