>Look like there is a surge in people giving up their US citizenship because of taxation issues and the fact European bank won't touch US citizens due to the hazard of being prosecuted in the US. Where ,as we saw with BP, courts really like to hammer foreign companies.
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>http://www.bbc.co.uk/news/35383435
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>OK - so it appears that the law changed in 2012. It also appears that it doesn't affect anyone earning less than 76,000 pounds - not like to be a problem for

But the other part is that European banks will now not touch US citizens for fear of prosecution in US courts and thats not income related at all.