The increased popularity of renouncing your U.S. citizenship to avoid potential tax liabilities has resulted in a surprising fee hike by the U.S. Department of State. Although the hike is not unexpected, the fee increase of fivefold is. Sought to be a deterrent to discourage dual citizens from renouncing their U.S. citizenship, the fee increased from $450 to $2,350 on September 4, 2014. Continue reading “If You Renounce Your U.S. Citizenship, You Have to Pay the Piper”