Three weeks ago we wrote about expatriate Americans who are frustrated about the Foreign Account Tax Compliance Act. As one of the few countries that continues to tax its citizens even when they aren't living in the country, it is understandably difficult for expatriates to want to comply with American tax law. And what many people fail to remember is that these laws apply to both the Americans who were raised in the U.S. and chose to leave the country and to those Americans who were born with American citizenship, but never truly lived in the U.S.
It should be no surprise then, that some dual citizens are renouncing their American citizenship and retaining whatever other citizenship they possess. For some Canadians, this means going to an American consulate or embassy and filing the paperwork to give up their U.S. citizenship.