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What are the primary reasons expatriates renounce U.S. citizenship?

Expatriate Renounce US Citizenship
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Dan Gordon
That is the 64 dollar question, but generally it is tax related and that the Expat has significant non-US income that requires a significant US tax bill, has little or no income and/or connection with the US and, of course, already have citizenship in another country.
Leave a Comment 182 weeks ago

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John Richardson
On December 5, 2019 TaxConnections published our “Open Letter To Democrats Abroad” in which we argued that “revenue neutrality” should be irrelevant in moving from “citizenship-based taxation” to “residence-based taxation”. That post attracted a large number of comments from Americans abroad expressing the difficulties living under the citizenship-based taxation regime. The bottom line is that the United States is forcing expats to renounce their U.S. citizenship. Yes, its’ true. The comments reminded me of a post that appeared on my site in 2017. Settle in for the ride as you read the “13 Reasons Why …
Read full post: www.taxconnections.com/taxblog/13-reasons-why-i-committed-citizide-aka-renounced-my-us-citizenship/
Leave a Comment 181 weeks ago

 

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