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" ... "The huge increase in U.S. expats renouncing from our experience is that the current pandemic has allowed individuals the time to review their ties to the U.S. and decide that the current political climate and annual U.S. tax reporting is just too much to bear," says Alistair Bambridge, partner at Bambridge Accountants New York. ... "
" ... The Heat could carve out cap space by renouncing the rights to Goran Dragic and Jae Crowder, but both players proved pivotal on their run to the NBA Finals. They could also run back their core by re-signing both Dragic and Crowder, but they'd be left with only the $9.3 million non-taxpayer mid-level exception if they do. That likely wouldn’t be enough to lure Gallinari. ... "
" ... We’ve previously noted how the French can’t do that. I can’t do it either, short of renouncing my U.S. citizenship — which is something I’d never consider. That’s because the U.S. taxation of individuals is based on CBT. Being a nonresident might get me some things, such as the earned income exclusion under section 911, but it won’t land me a blanket exemption from U.S. income taxes. ... "
" ... We’ve seen a great trend among CEOs and other business leaders in speaking out about their commitment to build a business that is good for the people and planet. The Business Roundtable statement renouncing shareholder capitalism in favor of a longer-term and more holistic stakeholder value perspective was notable. Starting in 2018, Larry Fink’s investor letters have called for businesses to consider their positive and negative social and environmental impacts. ... "