Re[2]: Taxes (was: Where is the Futures Industry Headed?)

[Allan Kaminsky <allan@xxxxxxxx>]

Renunciation is irrevocable with the exception that a minor who attains the 
age of 18 who was a US national can regain citizenship.

See:

http://travel.state.gov/renunciation.html

and

http://travel.state.gov/ina_text.html

Also, renunciation of citizenship doesn't get you off the hook for past 
taxes owed. However, not all countries will extradite for tax-related offenses.

Allan

At 01:10 PM 5/22/00, Mark Brown wrote:
>Hello  James,
>
>JFM> are, in fact, perfectly free to walk into the nearest U.S.
>JFM> embassy and renounce their U.S. citizenship. They'll have to
>JFM> surrender their passport immediately and the renunciation is
>JFM> permanent.
>
>be positive about this because I recall recently on Australian who was
>born  in the U.S. but raised in Australia.  He told me that if you are
>a soil born U.S. citizen that you always have the right to regain your
>U.S. citizenship just for the asking. it is this correct or not?
>
>
>JFM>  Obviously, prior arrangements need to be made to
>JFM> become a citizen of the country of their choosing.
>
>
>--
>Best regards,
>   Mark Brown                        mailto:markbrown@xxxxxxxxxxxxx