Posted by Daniel H on April 30, 2015, 4:25 pm, in reply to "Tina Turner is no longer an American citizen"
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I did a bit on this using the query Why I gave up US citizenship. I was looking
for post of individual reasons but didn't find what I was looking for.
My personal take on this is that there are two main reasons people are giving
up citizenship, 1) tax reasons - a) to not pay. b) the burden and cost of
filing. 2) Fear of the US Government doing something to your finances
which could take years and thousands of dollars to straighten out (if ever).
It seems to be a consistent practice of the US government to use a machete
when a scalpel is needed.
Here are a couple of Wall Street Journal articles which cover it fairly well.
(You have to have a subscription to read the entire article unless you access
the article through Google, it should be the top hit on the links below).
Expatriate Americans Break Up With Uncle Sam to Escape Tax Rules
Record Number Gave Up U.S. Citizenship or Long-Term Residency in 2014
Thousands Renounce U.S. Citizenship Hitting New Record, Not Just Over Taxes
"Dual citizens in Canada who are trying to shed their U.S. citizenship
have created a backlog at the U.S. consulate in Toronto".
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