Via @NPR: Steven Seagal Is Now A Citizen Of Russia, Courtesy Of Putin https://t.co/oIthR1Ka4c – Welcome to the Russian version of Mr. #FBAR
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) November 22, 2016
It has been widely reported that American actor Steven Seagal has joined American boxer Roy Jones in becoming a citizen of Russia. By becoming Russian citizens, Mr. Seagal and Mr. Jones are now subject to Russia’s Currency laws, which include the requirement to report their non-Russian bank accounts to the Kremlin. Messrs Seagal and Jones may admire Russia. That said, it’s clear that the Kremlin admires the U.S. Treasury in general and Mr. FBAR – America’s most important citizen – in particular.
Citizenship-based reporting: Mr. FBAR as a role model for President Putin and the Russian government …
Citizenship-based reporting: Russian nationals required to report on movements on their foreign bank accounts https://t.co/as9QyUhjSl
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) November 22, 2016
Although Russia has “residence-based taxation” it has “citizenship-based reporting”.