New tax law driving expats to renounce U.S. citizenship

“For Ruth Anne Freeborn, it boiled down to a choice between country and family.  Born in Oklahoma, Freeborn has lived in Kingston, Ontario, for more than 30 years as an American expatriate, with a Canadian husband and 22-year-old son.  But a U.S. law passed in 2010 that will require international financial institutions to provide the Internal Revenue Service with information on their U.S. account holders forced her to weigh her citizenship. Her husband, a $51,000-a-year electronics technician and the family’s sole income earner, strenuously objected to having his financial data shared with a foreign nation.”

http://www.miamiherald.com/2013/11/27/v-fullstory/3781108/new-tax-law-driving-expats-to.html

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