Just posted by Innocente here. It needs to be called out for special attention.
Bloomberg: “Cost of Dropping Citizenship Keeps U.S. Earners From Exit”
In the past most clients who renounced citizenship were green-card holders, dual citizens or those who had been living abroad for many years, Christensen said.
Comment section is open!
There has been some controversy lately on the Isaac Brock Society with some people posting and making comments that some others find just go too far. I’ve struggled with this myself, as I personally don’t agree with some of the parallels drawn, some of the wording used, and I am frankly uncomfortable with some of the thoughts expressed.
From what I understand, the Isaac Brock Society was formed as place of support and resources for US persons affected by the United States government, particularly as it pertains to the travails of the US model of citizenship-based taxation. And that certainly seemed to be the focus when I first found this site back in February. In the words of the founder, Petros,“The Isaac Brock Society started as an informal group of Canadians who began meeting in person and through email to discuss their US tax and citizenship problems.”
Scrolling back through all of the posts, past or present, I find they do manage a tie-in to either the plight of US persons abroad, or the issue of citizenship-based taxation. Over the last couple of months, in my opinion, the focus has become fuzzy, with some of the later posts using what I consider pretty specious reasoning in linking back to the original issues.
For several months, after I first found the site, I think I was almost addicted, visiting many, many times every day. Checking for updates was the first thing I did in the morning, and the last thing I did at night. Part of that was likely because I was still in shock and was in vacuum cleaner mode, hoovering up all the information I could find, and part of it was the relief in finding out that I wasn’t alone, and that there was a large group out there that understood, were empathetic and had much more information than I did. I will never forget what this site did for me in the first few months of finding out that the US probably still considers me a US citizen.
I haven’t been quite so engaged the last couple of months.
