“The suspicion among a number of expatriates is that renunciations are growing at a rapid clip and US officials are doing what they can to slow the exodus – by complicating regulations and more importantly by raising the cost. Between the passport system (which only came fully into being after World War II), Coast Guard policies and the US projection of its taxing authority around the world, US officials – and the Anglosphere generally – seem determined to keep a much closer eye on citizens and their financial affairs. While this sort of approach is to date a US-centric one, there are treaties now being considered that will create a US-style approach around the world.”
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