Lots of discussion about renouncing U.S. citizenship with hugely conflicting comments;
The negatives of U.S. citizenship:
The positives of U.S. citizenship:
What a roller coaster!
The article referenced in the above tweet it here. The “why” is more interesting than the “how”.
The article begins with:
Canada has a very large number of resident U.S. citizens. Some of them are Canadian citizens and some not. Those who are NOT Canadian citizens and plan to become Canadian should move quickly. It’s no secret that the attitude of the Government of Canada toward Canadian citizenship is that:
“Canadian citizenship should be harder to get and easier to lose!”
The article referenced in the above tweet is well worth the read. It includes:
The consequence of FATCA is that Americans abroad are either renouncing U.S. citizenship or returning to the U.S. This is NOT good for American companies in world markets. Although it makes no sense, the U.S. destruction of U.S. citizenship abroad continues.
The article includes:
The article was published on December 27, 2013. A rough translation of the title would be:
“The experience of renouncing U.S. citizenship”
This account was written in German. Here is the English version as per Google Translate.