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https://x.com/i/spaces/1aKbdbMQDnRJX?s=20
Participants include:
Dr. Laura Snyder - @TAPInternation
Dr. Suzanne deTreville - @SdeTreville
John Richardson - @ExpatriationLaw
"This transcript features a discussion regarding a significant State Department notice that officially lowered the fee for renouncing US citizenship from $2,350 to $450. While the participants appreciate the reduced cost, they argue that the most critical aspect of the notice is the government’s formal acknowledgment that complex tax compliance is the primary driver behind renunciations. The speakers analyze how worldwide taxation and reporting requirements like FATCA create nearly impossible financial burdens for Americans living abroad, often forcing them to sever ties with their home country. They further debate the constitutionality of citizenship-based taxation, suggesting it may violate the Fourteenth Amendment by effectively destroying the rights of citizens. The conversation concludes by highlighting new legislative efforts and the psychological finality of renunciation, which can permanently separate individuals from their families and heritage."
By prep
https://x.com/i/spaces/1aKbdbMQDnRJX?s=20
Participants include:
Dr. Laura Snyder - @TAPInternation
Dr. Suzanne deTreville - @SdeTreville
John Richardson - @ExpatriationLaw
"This transcript features a discussion regarding a significant State Department notice that officially lowered the fee for renouncing US citizenship from $2,350 to $450. While the participants appreciate the reduced cost, they argue that the most critical aspect of the notice is the government’s formal acknowledgment that complex tax compliance is the primary driver behind renunciations. The speakers analyze how worldwide taxation and reporting requirements like FATCA create nearly impossible financial burdens for Americans living abroad, often forcing them to sever ties with their home country. They further debate the constitutionality of citizenship-based taxation, suggesting it may violate the Fourteenth Amendment by effectively destroying the rights of citizens. The conversation concludes by highlighting new legislative efforts and the psychological finality of renunciation, which can permanently separate individuals from their families and heritage."