The USA is NOT Letting Citizens Renounce | Summary and Q&A

TL;DR

Israeli dual citizens living in Israel are facing difficulties renouncing their US citizenship due to the US embassy in Jerusalem not allowing them to do so.

Key Insights

• 👻 The US embassy in Jerusalem is not allowing 175 Israeli nationals to renounce their US citizenship.
• 🚕 Renouncing for tax purposes may result in inadmissibility to the US in the future.
• ❓ Obtaining a second citizenship is advisable for those considering renouncing their US citizenship.
• ❓ Renouncing US citizenship has become harder, more expensive, and potentially restrictive.
• ❓ Some countries are becoming less welcoming to US citizens, causing the value of US citizenship to diminish.
• 💌 Privacy concerns arise when the US embassy shares the emails of applicants attempting to renounce their citizenship.
• ❓ The trajectory of the US is to make it more difficult to renounce citizenship and prioritize its own interests.

Transcript

the United States of America does not want you to leave they don't want you to renounce your citizenship and I was here in Mexico and beautiful Playa Del Carmen and the Saint Regis Resort and one of my employees sent me a very interesting article on 175 Israeli Nationals dual citizens Israeli and U.S maybe they were born in the U.S maybe they lived... Read More

Questions & Answers

Q: Why are 175 Israeli nationals unable to renounce their US citizenship?

The US embassy in Jerusalem is not allowing them to do so, causing frustration and violating their right to renounce.

Q: What are the implications of renouncing US citizenship for tax purposes?

If individuals state that they are renouncing for tax reasons, they may be considered inadmissible to the US if they ever wish to return.

Q: How much does it cost to renounce US citizenship?

The cost is around $3,000, but additional fees, such as an exit tax for individuals worth over $2 million, may apply.

Q: What alternatives are suggested for US citizens considering renouncing?

Obtaining another citizenship is recommended, such as Mexican or Saint Kitts citizenship, especially for wealthy individuals who may face more restrictions as US citizens.

Summary & Key Takeaways

• 175 Israeli nationals living in Israel are trying to renounce their US citizenship but have been unable to do so for the past three years.

• The US embassy in Jerusalem is not allowing these individuals to renounce their citizenship, violating their right to renounce and causing a privacy concern.

• Renouncing US citizenship can have tax implications, and if individuals state they are renouncing for tax reasons, they may be deemed inadmissible to the US.