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by RspecMAuthortah 1505 days ago
For my own curiosity.

> If you have financial assets worth over $2 million, you may have to pay a one-off exit tax calculated as a capital gains tax as if you sold all of your assets on the day you renounced.

Do you have to pay capital gains taxes on anything over $2 million or wholesale all capital gain?

> You have to attend an exit interview at your nearest U.S. consulate or embassy.

Can they reject your exit?

1 comments

I believe the exit interview is to ensure that you understand the consequences, sign papers that are motorized, make sure you pay your taxes, etc.

I'm sure they can reject your exit if you haven't finished paying taxes owed or you seem under duress or mental impairment. But absent that (or maybe similar reasons you wouldn't let someone sign a contract) I don't think they can.