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When Boris Johnson, soon-to-be former British Prime Minister, sold his London home in 2009, he didn’t pay any capital gains tax in the U.K. but was slapped unexpectedly with a U.S. tax bill.

Boris is an “accidental American,” a person who has lived outside of the United States for the majority of their life but holds U.S. citizenship because they were born there.

Being American, unwittingly or not, comes with strings attached. (https://www.forbes.com/sites/k....athleenpeddicord/202 )

In this video, Andrew shares an article from Forbes and answers Is Renouncing Citizenship Worth It?

00:00 Start
0:23 Renunciation of U.S. Nationality
1:46 Does Renouncing U.S. Citizenship Make Sense For The Average American Abroad?
6:07 Former President of Armenia
6:30 Cancelling Passports
10:36 Trump Administration
12:41 American Culture

Andrew is reading this article: https://www.forbes.com/sites/k....athleenpeddicord/202


Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".

Work with Andrew: https://nomadcapitalist.com/apply/

Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.