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Fraud Alert About Second Passports And Second Citizenship Programs

Fraud Alert about Second Passports and Second Citizenships- Fraud Alert : belize passport, caribbean second passport, dominica second passport, dominican republic passport, grenada passport, guyana passport, liechtenstein passport, mexico passport, monaco passport, paraguay passport, seychelles passport, singapore passport, st kitts second passport, surinam passport, suriname passport, uruguay passport Beware of those who offer you passports from those countries . Getting a second passport can set you free. But if not done right, it can also land you in hot water -- as several clients of previous supposedly legitimate economic citizenship programs are finding to their costs. Peter Macfarlane reports. Second passports are increasingly important as means of achieving freedom and privacy. The paradox of the world becoming at once more globalized and more mobile, yet at the same time more restricted, means that holding just one passport puts you at the mercy of just one government. Our American cousins have it particularly bad, because US citizens are the only people who are subject to taxation on their worldwide income no matter where they live. While wealthy Russians and Chinese who wanted easier visa-free travel were in the past the main groups seeking second passports, today American tax exiles seeking to renounce American citizenship and escape the tax burden are the main consumers.

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