There is a growing trend among Americans to renounce their citizenship, move abroad, and take another country’s citizenship. Most Americans doing this are wealthy, acting in part to avoid high tax bills. But some are average, ordinary Americans who find themselves in tricky situations where being an American citizen may not be wise or prudent. Of course, being an ex pat doesn’t require giving up your citizenship – one can move to London or Paris or another place for months or years while remaining an American citizen. While I enjoy traveling to London, Paris, and other European locales, like many other folks, I’m a proud American citizen and patriot, so I would only recommend a client surrounding their passport and giving up American citizenship in very limited cases.
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(c) 2014, Stephen M. Johnson, Esq.