Is Renouncing Citizenship Worth It?

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When Boris Johnson, soon-to-be former British Prime Minister, sold his London home in 2009, he didn’t pay any capital gains tax in the U.K. but was slapped unexpectedly with a U.S. tax bill.

Boris is an “accidental American,” a person who has lived outside of the United States for the majority of their life but holds U.S. citizenship because they were born there.

Being American, unwittingly or not, comes with strings attached. (https://www.forbes.com/sites/k....athleenpeddicord/202 )

In this video, Andrew shares an article from Forbes and answers Is Renouncing Citizenship Worth It?

00:00 Start
0:23 Renunciation of U.S. Nationality
1:46 Does Renouncing U.S. Citizenship Make Sense For The Average American Abroad?
6:07 Former President of Armenia
6:30 Cancelling Passports
10:36 Trump Administration
12:41 American Culture

Andrew is reading this article: https://www.forbes.com/sites/k....athleenpeddicord/202


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