Failure to Renounce US Citizenship Cost This Taxpayer $500M

The US is unique in that it's the only country that taxes citizens who don't live in the country. They're also active in pursuing citizens and former citizens who live overseas.

Unfortunately, some people wait until it's too late to renounce. Anyone who plans to generate substantial wealth and doesn't have strong ties to the US should renounce years before the money is generated.

Liberty Mundo helps high-net-worth clients reduce their taxes, protect their assets, and obtain multiple citizenships. Visit www.libertymundocom to find out more.