US Citizenship Renunciation: An Appointment To Renounce Is A Rare Opportunity And Hard To Find

November 12, 2020 - Participants Include:

John Richardson - @ExpatriationLaw

Jimmy Sexton - @JimmySextonLLM

 

On November 8, 2020 I hosted US tax lawyer Virginia La Torre Jeker in a podcast where we discussed why Biden tax proposals would make US citizenship renunciation more urgent. Specifically, more people are likely to be subject to the S. 877A expatriation tax and the tax paid will be higher. The problem is that the COVID-19 pandemic has led to the shutdown of renunciation appointments in most of the world.

To put it simply: it has become almost impossible to renounce US citizenship.

In this session I am joined by Jimmy Sexton of the Esquire Group where we discuss a variety of topics including:

- US citizenship and personal identity

- why the US citizenship is a disability for some US citizens living outside the United States

- why the US exit tax is an attempt to recoup money from a renunciant where the US believes renunciation means the US will lose a profitable taxpayer

- what might be a new procedure for individuals to renounce in a COVID-19 world

- why the designation of "covered expatriate" causes the "family renunciation"

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Speaking of expatriation, see this interesting perspective from Jimmy Sexton.

 

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John Richardson - CitizenshipSolutions.ca