FlyerTalk Forums - View Single Post - Huge fee increase to renounce US citizenship: $2,350 (up from $450)
Thread: Huge fee increase to renounce US citizenship: $2,350 (up from $450)
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Old Aug 31, 2014 | 3:32 am
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RTW1
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Originally Posted by GUWonder
Use of the foreign passport minimizes -- but does not necessarily eliminate -- the chances of a foreign financial institution reporting the information to the US or refusing to do business with a US citizen.
Exactly... if an FI has a reason to know that you are a US-person they will require you to provide your TIN and will report you. Or as you said, they might not want to open an account....
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