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Re: More Americans renouncing citizenship because of greedy government

Posted by Charles G on Sun Oct 26 09:14:47 2014, in response to More Americans renouncing citizenship because of greedy government, posted by Olog-hai on Sun Oct 26 00:49:33 2014.

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It isn't clear how many of the renunciations are "real" (an American citizen who lived a substantial part of their life in the US), or who actively obtained US citizenship at some point in their life) and how many are from "non-American" Americans (those born overseas to an American citizen parent who obtained US citizenship "just because they could")

Given the FATCA-related realities of being a "US person" outside the US these days, it makes plenty of sense to give up the blue passport if you have another and have no plans to ever live or work in the US. Much of the surge in renunciations is being driven by FATCA, as "US persons" are frequently persona non-grata at many non-US financial institutions.

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