Mentioned in this video: renounce us citizenship, give up us citizenship, renounce USA citizenship, leave the USA, leave the us, renounce us nationality, us passport, us citizenship, Puerto Rico taxes, USA taxes, us taxes, fatca, us citizen abroad. The USA is NOT Letting Citizens Renounce   [...]

Similar to tax practices followed within the US, American citizens living abroad must also report their annual income to the Internal Revenue Service, meaning expats are likely to file and pay taxes in two places. Although the agency implements measures to avoid double taxation, tax-filing requirements have still proven a hurdle for expats. Nearly one in four American expats are weighing [...]

The United States and Eritrea are the only countries in the world to tax based on citizenship. If you’re a US citizen living outside the United States, you still have yearly IRS tax filing obligations. These tax filing obligations can be an expensive annual hassle (even if you owe no tax). They may even result in double taxation. Fortunately, properly renouncing your US citizenship can provide [...]

According to a firm that handles US expatriate affairs, 2020 is shaping up to be a record year for Americans renouncing their US citizenship, going by data from the year’s first nine months. The news is all the more notable, since US consulates have truncated their affairs since March when the COVID-19 pandemic went global. Bambridge Accountants of New York said in a Wednesday report th [...]

The numbers are in, and according to the Internal Revenue Service, a record number of Americans expatriated in 2016. According to a report published Thursday on the Federal Register, 5,411 Americans renounced their citizenship or expatriated. [...]

For the third year in a row the number of people renouncing their citizenship or abandoning green cards has beaten the record set the previous year, US Treasury Department data reveal. The surge is likely the result of stringent US tax policy. A record-breaking 4,279 individuals decided to call it quits with the US in 2015 in comparison to 3,415 people the previous year, according to a US Treas [...]

The EU says it may retaliate if the US goes ahead with plans to impose visas for some members of the bloc who are currently part of the Visa Waiver Program. Brussels says it will not increase security and that US nationals may require visas to enter the EU. [...]

The cost of getting rid of US citizenship has quadrupled to $2350, up from $450. The changes will come into effect on September 6th and the State Department says it is necessary to cover the real cost of processing an application to lose citizenship. The price hike marks a sharp u turn from 2010 when the State Department decided on the $450 fee “in order to lessen the impact on those who need [...]

A record number of Americans are renouncing their citizenship as they seek to remove the burden of filing complicated and costly tax returns simply for living in another country. Just over 1,000 Americans gave up their nationality in the three months from January to March. That’s a significant increase from the 670 who did so in the same time span last year, and it’s already one third of the w [...]

The Cayman Islands has signed an agreement with the United States to combat offshore tax evasion pursuant to a controversial 2010 law that has caused some notable US expatriates to revoke their US citizenship. [...]

Peter Schiff on Fox Business (8/13/2013) Listen to The Peter Schiff Show Live Weekdays 10am to noon ET on http://www.SchiffRadio.com A record number of Americans are giving up their U.S. citizenship. The Wall Street Journal reports that 1,130 Americans renounced their citizenship in the second quarter of 2013, more than did so in all of 2012. A growing number of wealthy Americans in Asia—and o [...]

The US National Security Agency has been exploiting US citizens' personal information drawn from its large collection of metadata to create complex graphs of social connections for foreign intelligence purposes, the latest Snowden leaks have revealed. Documents obtained by the New York Times from the former NSA contractor Edward Snowden say that the practice has been going on since November 2010, [...]

America First tax reform is here to stay, and so is citizenship-based taxation. Will the US ever give up this rigid system? Hardly! For the first time in almost a century, politicians were seriously talking about the nation’s system of citizenship-based taxation and – for the first time in over a century and a half – they were actually considering changing that system and adopting a residen [...]

The hasty troop pullout from Afghanistan is now being widely criticized both by Democrats and Republicans, with some believing it would have been more reasonable (and safe) if the administration had transferred the remaining US citizens and weapons out of the country first before withdrawing the troops. US Secretary of State Antony Blinken has apparently agreed with the "reality" that the [...]

VIENNA (Sputnik) - Austria will introduce an entry ban for citizens of Russia, Ukraine, the Netherlands, and the United Kingdom amid the coronavirus (COVID-19) pandemic, Chancellor Sebastian Kurz said on Sunday. The chancellor added that all restaurants across the country would be closed starting 17 March, while supermarkets and food delivery companies will continue to operate. [...]

President Vladimir Putin said the suggestion by Ukraine’s president-elect to give Ukrainian citizenship to Russians “suffering from an authoritarian regime” is “a good thing,” which would only bring the kindred nations closer. [...]

The number of Americans renouncing their citizenship rose to a new record of over 5,000 people last year. According to the latest government data, the 2016 trend showed a 26% year-on-year increase. [...]

Acquiring a second citizenship is illegal in Austria. After the referendum in Turkey, the Austrian interior minister additionally called for fining Austrian Turks for obtaining it. Austrian Interior Minister Wolfgang Sobotka said Wednesday he would seek hefty fines for ethnic Turks holding Austrian citizenship who illegally obtain a second passport. [...]

The number of Americans seeking citizenship in New Zealand jumped by 70 percent in the three months following the election of President Donald Trump from the same time period last year, according to immigration records. Since Trump’s election, 170 Americans without a family connection to New Zealand have put in applications for a grant of citizenship to the island nation, versus 100 dur [...]