Hacker News new | ask | show | jobs
by martey 5157 days ago
Looking at the law [1] it seems to be part of Section V, entitled "Revenue Offsets".

According to sources I could find online [2], it looks like prior to the law, people who gave up their citizenship were not required to report it to the IRS, even if they were doing so in order to avoid taxes (which is illegal [3]).

[1]: http://www.gpo.gov/fdsys/pkg/PLAW-104publ191/html/PLAW-104pu...

[2]: http://www.accidentaluscitizen.com/category/citizenship-renu...

[3]: http://www.irs.gov/businesses/small/international/article/0,...