Current administration would rather squeeze U.S. citizens for more revenue

US Jacks Up Exit Fee For Those Renouncing Citizenship

By Alan Joel —— Bio and Archives--August 31, 2014

American Politics, News | Comments | Back To Full Article

Just like the recent rise of business inversions — moving business HQ abroad — the United States has seen an uptick (up 221%) in Americans renouncing their citizenship. The elephant in the room in both these cases is taxes: both high taxes and burdensome tax compliance in foreign jurisdictions.

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