Yes, it’s finally begun. We have our first reported case (if true) of a child suing the parent for contaminating him with U.S. citizenship.
Here’s the story …
“Hey, I didn’t choose where I was born. It just kind of happened.”
The problem of unwanted U.S. citizenship is becoming bigger and bigger. The world of Americans abroad includes membership in the worlds most exclusive and most punitive “Tax, Form and Penalty Club” (well if you are obeying the “Membership Rules” and if you can understand the “Membership Rules” to begin with).
Those who don’t want to be members of “Club Penalty” are simply running and hiding. But, in a FATCA world, those with a U.S. birthplace are learning that they:
“Can run, but they can’t hide” – Eventually they will be FATCAed out.
The word is out:
It’s pretty much impossible to abide by the rules of this exclusive club and have any kind of a life. People are relinquishing U.S. citizenship in droves. The Obama administration has responded by raising the renunciation fee to $2350. The fee increase in likely to create more panic increasing the number of renunciations.