Boris Johnson Us Tax
Boris Johnson has renounced his US citizenship, ending years of ambiguous loyalties and probably ridding himself of a hefty tax bill. A list released by the US Treasury department showed the UK foreign secretary was one of , individuals to renounce his American citizenship in .It s absolutely outrageous,” Boris Johnson said of the taxes he owed. “Why should I?”.In November, Johnson was blustering as he is wont to do about the U.S. government trying to hit him with a massive tax bill. Johnson sold a house in London for a cool , profit, and as U.S. citizens are required to pay capital gains tax on overseas transactions, Uncle Sam sent Mayor Boris a bill..London s Mayor Boris Johnsona dual U.S. and British citizenwas hit with an IRS bill on his London house sale. His gain was exempt from U.K. tax, so no tax credits or other U.S. tax moves would satisfy the IRS. Like many dual citizens and Americans living abroad, Mr. Johnson was caught within two tax .
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