This article is quite consistent with the many multinational families I have come across in my practice and even person life. The article can be reviewed in its entirety here at More renounce US citizenship but deny stereotype.
The press and certainly Congress focuses on the handful of wealthy individuals who renounced citizenship to pay less U.S. income, estate and gift taxes. Little focus has been on the millions of middle income or even low income individuals who live around the world and are caught up in the complex U.S. tax (estate, income, gift and inheritance tax and reporting) and bank account reporting legal web.
