Thousands of Americans around the world are standing in months-long queues to renounce US citizenship. They say they simply have no other choice, reports The Guardian.
In the 2000s, hundreds of people renounced American citizenship each year. After 2014, already thousands. A new record is expected this year.
For example, the waiting time to renounce citizenship at the London consulate already exceeds 14 months.
The reason is the reduction of the state fee from 2,350 to 450 dollars after a lawsuit. However, the real cost of the procedure with a lawyer ranges from 7,000 to 10,000 dollars.
People name different reasons. Some cite disappointment in US politics, others — practical problems.
The United States is the only country in the world (apart from Eritrea) that taxes its citizens regardless of their place of residence. Because of this, foreign banks are required to transfer data on American clients to the United States.
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