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U.S. citizenship renunciations by Americans in Canada surge due to complex tax obligations.
U.S. citizenship renunciation inquiries have surged in Canada since President Trump's election, with lawyers reporting a near-doubling of monthly requests.
The rise is linked to the U.S.'s unique citizenship-based taxation, which imposes costly reporting and filing obligations on Americans abroad.
The process of renouncing involves complex legal and tax steps, including a $2,350 fee, and has seen a notable increase since 2016, from around 4,100 in 2016 to 6,900 in 2017.
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Las renuncias a la ciudadanía estadounidense por parte de los estadounidenses en Canadá aumentan debido a complejas obligaciones fiscales.