Well, you've never lived abroad... Google FACTA some time when you're feeling cheerful for a real downer. The IRS and Treasury basically treating the world wide

Well, you've never lived abroad... Google FACTA some time when you're feeling cheerful for a real downer. The IRS and Treasury basically treating the world wide banking system as their dominion. Expats usually don't renounce because of the worldwide taxation rules (though they don't help); they renounce because of FACTA.