Margot was unable to renounce her US citizenship in the UK due to a 14-month waiting list. She traveled to Ghent, Belgium, where the process felt impersonal. The number of US citizens renouncing their citizenship has increased significantly since 2014, with a projected rise in 2023 due to reduced government fees. The true cost of renouncing, including legal fees, can reach $10,000. Many Americans consider renouncing due to various personal reasons, including dissatisfaction with their home country.
"Margot found herself in the lobby of the consulate in Ghent, Belgium. One wall was covered by a picture of Boston Harbour, where she was born. The other had three portraits: Donald Trump, JD Vance and Marco Rubio, their faces glistening to her mind, with sadistic triumph."
"In the 00s, the numbers of US citizens renouncing were in the hundreds annually; since 2014, they've been in the thousands. This is expected to be a bumper year (matching 2020's 6,000-plus) because the US government's charges... have been reduced from $2,350 to $450."
"Neither figure comes close to the true cost of renouncing if you get a lawyer, which, with no complications at all, will cost $7,000 to $10,000, says Alexander Marino, who heads Moody's, the largest renunciation law practice in the world."
Read at www.theguardian.com
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