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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 ...
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
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 ...
[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]
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 ...
Americans who live overseas have been renouncing their US citizenship in record numbers over the past several years. In 2014, nearly 3,500 people bid a permanent adieu to the states, and the year ...
The Ex-PATRIOT Act was a proposed United States federal law to raise taxes and impose entry bans on certain former citizens and departing permanent residents.The law would automatically classify all people who relinquished U.S. citizenship or permanent residence in the decade prior to the law's passage or any future year as having "tax avoidance intent" if they met certain asset or tax ...