“Withers, in Hong Kong, says that many of its clients are giving up their green cards and U.S. citizenship after filing their taxes, deeming the tax liability to be too onerous. Among them are American expatriates who see their Singaporean and Hong Kong peers paying a far-lower income tax and aren’t subject to capital-gains taxes, Mr. Krause said. The foreign grantor trust is becoming a favored method for passing on wealth, said Mr. Krause of Withers. Such trusts are ‘highly advantageous’ to families living abroad, he said.”
http://online.wsj.com/article/SB10001424127887323585604579007860126146566.html
