For #Americansabroad in a #FATCA, #FBAR and @Citizenshiptax world: "All Roads Lead To Renunciation!" - It's time to create the life you deserve.
Toronto, Canada
Joined October 2015
- Tweets6
- Following1
- Followers60
- Likes0
Pinned Tweet
After ten years of advocacy and working towards ending @citizenshiptax in a #FATCA world, I have concluded that #Americansabroad should @JustRenounce US citizenship. Many will need to consider US @expatriationlaw and plan plan their #citizide carefully. youtube.com/watch?v=LEmP_doe…
A fairly detailed discussion on the @JustRenounce issue from March of 2022 ... prep.podbean.com/e/to-renoun…
It has become clear that there is not broad support to end @citizenshiptax. Therefore, most #Americansabroad should @JustRenounce prep.podbean.com/e/all-roads…
John Richardson - US Citizenship Relinquishment retweeted
Two examples of effects of @citizenshiptax and #FATCA: First, renouncing bc she is disabled (partly true, partly perception) from normal financial/retirement planning. Second, renouncing bc of fear of penalties. Message: @JustRenounce as soon as you can! msn.com/en-us/money/personal…
John Richardson - US Citizenship Relinquishment retweeted
Little support for active "goal" of severing US citizenship from @taxresidency. Only group support is @SEATNow_org. Little support from impacted individuals (who just want "their problem" solved). The @JustRenounce conclusion is explained in the video here youtube.com/watch?v=LEmP_doe…
John Richardson - US Citizenship Relinquishment retweeted
The bottom line is that there is no support for severing citizenship from tax residency. Organizations are seeking carveouts. Individuals want THEIR problem solved not THE problem solved. @JustRenounce