Identify the tax issue or issues suggested by the following situations, and state each issue in the

Question:

Identify the tax issue or issues suggested by the following situations, and state each issue in the form of a question.
Mr. KW, age 72, has lived in Los Angeles his entire life. His net worth is estimated at $95 million. Mr. KW is considering renouncing his U.S. citizenship, selling his home in Los Angeles, and permanently relocating to the Cayman Islands. The Cayman Islands impose no tax of any sort on their residents.