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

<p>November 12, 2020 - Participants Include:</p> <p>John Richardson - <a href='http://www.twitter.com/expatriationlaw'>@ExpatriationLaw</a></p> <p>Jimmy Sexton - <a href='https://twitter.com/JimmySextonLLM/status/1326966676047482880'>@JimmySextonLLM</a></p> <p> </p> <p>On November 8, 2020 I hosted <a href='http://www.us-tax.org'>US tax lawyer Virginia La Torre</a> Jeker in a podcast where we discussed why <a href='https://prep.podbean.com/e/renounce-sooner-the-biden-victory-suggests-1-more-renunciants-will-be-subject-to-the-us-exit-tax-and-2-the-exit-tax-paid-will-be-greater/'>Biden tax proposals would make US citizenship renunciation more urgent</a>. 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.</p> <p> To put it simply: it has become almost impossible to renounce US citizenship.</p> <p>In this session I am joined by Jimmy Sexton of the Esquire Group where we discuss a variety of topics including:</p> <p>- US citizenship and personal identity</p> <p>- why the US citizenship is a disability for some US citizens living outside the United States</p> <p>- 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</p> <p>- what might be a new procedure for individuals to renounce in a COVID-19 world</p> <p>- why the designation of "covered expatriate" causes the "family renunciation"</p> <p>____________________________________________________________</p> <p>Speaking of expatriation, see this <a href='https://twitter.com/JimmySextonLLM/status/1326966676047482880'>interesting perspective from Jimmy Sexton</a>.</p> <p> </p> <p>____________________________________________________________</p> <p> </p> <p><a href='http://www.citizenshipsolutions.ca'>John Richardson - CitizenshipSolutions.ca</a></p> <p> </p> <p> </p>