What are the primary reasons expatriates renounce U.S. citizenship?
TaxConnections Members... Answer This Question
Want To be One of Our Tax Experts? Register Here
Tax Professional Answers
![User Photo](/elements/imgs/default_free_user.png)
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
194 weeks ago
![User Photo](/user_uploads/photos/crop_12262041.jpg)
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
193 weeks ago
Read full post: www.taxconnections.com/taxblog/13-reasons-why-i-committed-citizide-aka-renounced-my-us-citizenship/