4 ms·
To make the situation even weirder, "giving up citizenship" to avoid these complications is difficult and expensive for US expats. Renunciation of US citizensh
by sjackso 11y ago
To make the situation even weirder, "giving up citizenship" to avoid these complications is difficult and expensive for US expats.
Renunciation of US citizenship was free until July 2010, the same year that FACTA went into effect. At that time US embassies started charging a $450 fee to renounce citizenship. In September 2014, this fee was raised to $2,350.
So an American family of four, living abroad, who wants to renounce their US citizenship needs to come up with $9400 to do so.
- thephyber 11y agoNot to mention potentially MUCH higher fees to the IRS for becoming an expat: https://www.irs.gov/Individuals/International-Taxpayers/Expatriation-Tax https://www.irs.gov/Individuals/International-Taxpayers/Expa...
- rdtsc 11y agoI have seen other countries do that -- force citizens to pay a hefty fee to renounce their citizenship. It is like they see this as a last chance to extract any money from them, so they make it their worth. You know, people in US laugh at opressive regimes who they don't allow people to leave the country to travel. Yet US is doing the same in a way with respect to citizenship.