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This would make "Satoshi Nakamoto" a criminal for not declaring the genesis block on his taxes.

Bitcoin wasn’t worth anything back then so there was nothing to declare

Only if Satoshi is American. And if he's still alive.

Or if he hasnt renounced his citizenship

Renouncing citizenship wouldn’t prevent you from owing uncollected or misfiled back taxes.

Good point. Educate me (since i am not sure about that part of taxes), would exercising your gains and converting them to fiat in a country which doesn't have capital gains taxes (singapore, i think is one?) generate backtaxes?

I am thinking: BTC=0 value when satoshi generated them. Now they are worth billions. There is capital gains, but assume he renounced his us citizenship before converting them to fiat. What would happen?

He'd pay taxes as if he sold at fair market value. This scenario has occurred time and time again when someone acquires a lot of wealth through investment.

His best option would probably be to create an irrevocable trust which pays him a percentage every quarter. Then he won't owe any taxes on what has already accrued.

Then he can consider expatriation or moving to Puerto Rico.

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