SKL Tax has been helping people renounce U.S. citizenship for over 40 years.
We understand that it’s a deeply personal decision and the pros need to be weighed against the cons.
The pros are:
You are rid of the complex annual U.S. tax filings
There is no upside to being taxed by two countries
No Border Issues
With proper advice you will still be able to get into the US easily after renouncing
With proper guidance, most people will not have to pay taxes when they renounce
The tax situation for those outside the US may get worse – renouncing now insulates you from this
The cons are:
Moving to the U.S. becomes more difficult
You will no longer be able to vote in U.S. elections
You cannot keep your U.S. passport
You will no longer have access to U.S. consular services
The U.S. government charges a fee of $2350