U.S. Hikes Fee To Renounce Citizenship By 422%

by Robert W. Wood.   Government looks to cash in on bonanza. Over the last two years, the U.S. has had a spike in expatriations. It isn’t exactly Ellis Island in reverse, but it’s more than a dribble. With global tax reporting and FATCA, the list of the individuals who renounced is up. For 2013, there was a 221% increase, with record numbers of       ... MORE