In May of 2021 John Richardson participated in this podcast with 4 The Now Media.
It has become increasingly difficult for US citizens living outside the United States to comply with the US tax and regulatory regime. Unfortunately Americans abroad are being constructively forced to renounce US citizenship.
People are NOT renouncing US citizenship because they want to! They are renouncing because they have to!
The following podcast discusses many of the issues surrounding the renunciation decision. The discussion includes a discussion of several profiles, the applicability of the 877A Exit Tax and the dual citizenship from birth exemption.
Follow me on Twitter @Expatriationlaw
I agree with your sentiment – US is such a banana republic on those issues , And they do not even provide a Renunciation public service (due to Covid and lack of stuff) for 2 years now!!!