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Still, renouncing citizenship is very rare; the ultrawealthy are more likely to acquire second citizenships or residencies in places like Portugal or Malta than give up their American passports ...
[11] Gibbons expected that the list would include only "a handful of the wealthiest of the wealthy" motivated solely by taxes; however, the people named in the list turned out to have a wide variety of motivations for emigrating from the U.S. and later giving up citizenship, and few were publicly known to be wealthy. [7]
Under Department of Energy guidelines, an action that shows allegiance to a country other than the United States, such as a declaration of intent to renounce U.S. citizenship or actual renunciation of citizenship, demonstrates foreign preference and thus is a ground to deny a security clearance. [186]
Eventually, his belief in liberation theology would lead him to naturalize as a Honduran citizen in September 1974 and then renounce U.S. citizenship as a gesture of support for landless peasants and a measure of protest against the United States' influence in the country. Despite his naturalization, he was deported from the country in 1979 ...
The lawsuit follows a State Department proposal to lower the required fee for renouncing U.S. citizenship. Ex-US citizens say they paid ‘astronomical fee’ to give up citizenship. They’re suing
The Wall Street Journal reports that 2013 has already set a new record for "expatriations," defined as citizens renouncing More Americans Than Ever Are Renouncing Their Citizenship Skip to main ...
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DHS considered implementing the Reed Amendment by presuming that a former citizen seeking entry had renounced U.S. citizenship for the purpose of avoiding taxation if he or she failed to pay the expatriation tax, obtained a windfall shortly after renunciation, or established residence in a tax haven, and placing the burden of proof on the ...