Trump tax reform leads U.S. entrepreneurs in Canada to consider giving up American citizenship
Trump’s ground-breaking tax overhaul may be considered good news for companies operating and doing business in the U.S., but the consequences are also being felt by Americans living abroad. For instance, U.S. business owners, currently residing in Canada, are responding by looking into relinquishing all legal ties with their home country as a result of several new taxes they may face under the plan. Lawyers, working in Canada, in the field of citizenship, are reporting an upswing of interest in revoking US citizenship among U.S. business owners living and running privately held companies in Canada.
Read more: Trump tax reform leads U.S. entrepreneurs in Canada to consider giving up American citizenship