Cost Of Renouncing US Citizenship To Increase Five-Fold

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Cost Of Renouncing US Citizenship To Increase Five-Fold

The State Department says that it wants the fees to represent the true cost of renouncing citizenship because demand has ‘increased dramatically’

With all the talk about corporate tax inversions, especially after Burger King Worldwide Inc (NYSE:BKW) announced the acquisition of Canadian coffee chain Tim Hortons Inc. (NYSE:THI) (TSE:THI), it seems like the Obama administration is going to do something to make it more difficult for corporations to change their tax residence. But as Cliff Kule spotted in a recent State Department document, US citizens will also have to pay more if they want to renounce their citizenship.

Massif Capital’s Top Short Bets In The Real Asset Space [Exclusive]

Screenshot 2022 08 10 18.57.51 1Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More