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  #21  
Old 25.10.2022, 09:57
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Re: renouncing US citizenship

But isnít it really your childrensí choice?

I agree that 18 is very young to make such a decision but it should be theirs.
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  #22  
Old 25.10.2022, 10:21
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Re: renouncing US citizenship

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But isnít it really your childrensí choice?

I agree that 18 is very young to make such a decision but it should be theirs.
The two concerned are 15 and 17. They can make that choice soon. We will still be burdened with a fee for something we did not need or want for them.

Our family will apply for Swiss citizenship this year. In this case nobody questions whether it should be our children's choice. (It is )
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  #23  
Old 25.10.2022, 11:01
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Re: renouncing US citizenship

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The two concerned are 15 and 17. They can make that choice soon. We will still be burdened with a fee for something we did not need or want for them.

Our family will apply for Swiss citizenship this year. In this case nobody questions whether it should be our children's choice. (It is )
You want to be Swiss but object to paying a fee for bureaucricy? Perhaps you are not integrated enough.
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  #24  
Old 25.10.2022, 11:10
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Re: renouncing US citizenship

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The two concerned are 15 and 17. They can make that choice soon. We will still be burdened with a fee for something we did not need or want for them.

Our family will apply for Swiss citizenship this year. In this case nobody questions whether it should be our children's choice. (It is )

If by "fee" you mean having to pay US income tax, they would have to earn quite a bit before they are liable for US tax.. foreign earned income exclusion is currently 112K USD. Add to that personal deductions as well as rent (which is deductable) they would need to exceed 130K/yr before they qualify to pay US tax. It's just the paperwork (filing) that is a hassle, but it takes a couple hours per year. The world is in constant flux, having a US passport in the future may be very valuable, especially considering current events.
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  #25  
Old 25.10.2022, 11:27
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Re: renouncing US citizenship

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If by "fee" you mean having to pay US income tax, they would have to earn quite a bit before they are liable for US tax.. foreign earned income exclusion is currently 112K USD. Add to that personal deductions as well as rent (which is deductable) they would need to exceed 130K/yr before they qualify to pay US tax. It's just the paperwork (filing) that is a hassle, but it takes a couple hours per year. The world is in constant flux, having a US passport in the future may be very valuable, especially considering current events.
No, they mean the $2,350 fee it'll cost each child to renounce their accidental US citizenship. Asking a lot for an 18 year old to find themselves.
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  #26  
Old 25.10.2022, 12:08
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Re: renouncing US citizenship

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No, they mean the $2,350 fee it'll cost each child to renounce their accidental US citizenship. Asking a lot for an 18 year old to find themselves.

Aside from tax reasons (which are not relevant until one earns more than most people ever will in Switzerland), what other reasons would there be to renounce? (political ideology aside). Save the 2,350 fee if there isn't a compelling reason. FYI I renounced, but very late in my career when I actually hit the income where it would have made a difference (just).
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  #27  
Old 25.10.2022, 12:08
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Re: renouncing US citizenship

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Not if they have never registered.
They can register at any time.

Tom
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  #28  
Old 25.10.2022, 13:19
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Re: renouncing US citizenship

Americans can vote from anywhere
https://ch.usembassy.gov/voting-in-u...s-from-abroad/
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  #29  
Old 25.10.2022, 13:24
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Re: renouncing US citizenship

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Aside from tax reasons (which are not relevant until one earns more than most people ever will in Switzerland), what other reasons would there be to renounce?
Banking problems. Both of my daughters were refused accounts at certain banks, one of which was required at a certain bank for a rent deposit. Fortunately they discovered that she had a dormant account, so while she couldn't let her open a new account, they could let her use that!

And, you still have to declare all bank accounts, and fill out forms to show that you owe nothing. A mistake can cost you a lot.

Tom

Last edited by st2lemans; 25.10.2022 at 14:14. Reason: spelling
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  #30  
Old 25.10.2022, 13:51
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Re: renouncing US citizenship

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Banking problems. Both of my daughters were refused accounts at certain backs, one of which was required at a certain back for a rent deposit. Fortunately they discovered that she had a dormant account, so while she couldn't let her open a new account, they could let her use that!

And, you still have to declare all bank accounts, and fill out forms to show that you owe nothing. A mistake can cost you a lot.

Tom
If what you say about backs is really meant about banks, I can back you up on that.
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  #31  
Old 25.10.2022, 14:09
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Re: renouncing US citizenship

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You want to be Swiss but object to paying a fee for bureaucricy? Perhaps you are not integrated enough.
Our level of integration will be for others to assess. I am confident that it is more than sufficient
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  #32  
Old 25.10.2022, 14:42
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Re: renouncing US citizenship

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Aside from tax reasons (which are not relevant until one earns more than most people ever will in Switzerland), what other reasons would there be to renounce? (political ideology aside).
In a word, FATCA.

But I donít see any urgency for an 18 year old. This something they need to carefully consider.
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  #33  
Old 25.10.2022, 15:02
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Re: renouncing US citizenship

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In a word, FATCA.

But I don’t see any urgency for an 18 year old. This something they need to carefully consider.
If you read the replies starting by #6, it seems they ended up with US citizenship by accident. So, it's a liability.

It can also be regarded as an imposition by US gov. Because citizenship is imposed on the child regardless of parents wishes.
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  #34  
Old 25.10.2022, 15:32
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Re: renouncing US citizenship

Well, itís US law, like it or not. It could be advantageous to some, for example, allowing them to attend US universities without a lot of paperwork, etc. or the opportunity to travel route 66 winding from Chicago to L.A, more than two thousand miles all the way.
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  #35  
Old 25.10.2022, 16:38
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Re: renouncing US citizenship

I understand where you're coming from, OP. Our kid is a citizen through one parent, it was not automatic and we requested it for her. She can renounce, if she so desires, when she is an adult.
If she ever wants to live in the US for any length of time (to study, for example), it'll be much easier than it was for me (more than a decade on various visas). Filing taxes is a pain, but she won't owe anything for a long time, and we, her parents, can help her with filing.
That said, we do have emotional ties to the US. My spouse is a citizen and I lived there for a long time, we met there.
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  #36  
Old 25.10.2022, 17:30
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Re: renouncing US citizenship

I think when the fee for renunciation was raised there was a reduced fee for cases like ours if the citizenship was renounced before the age of 21. At least that is what I remember reading at that time.

I kept that in mind mind and planned to attend to this matter once our kids were old enough to make the choice.

Since now the fee is the same for all ages, I agree there is no point in rushing the matter.
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  #37  
Old 25.10.2022, 17:34
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Re: renouncing US citizenship

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I am just bothered that our kids have to renounce at all. Their US citizenship was "granted" to them based on their place of birth. We had perfectly fine citizenships to pass on to our children so never needed US passports for them.

We happened to be living in the US when the kids were born and they are now stuck with this souvenir. I lived in five different countries on three continents throughout my life. I left the other countries taking nothing with me but good memories. Only one country is forcing us to take more.
Or maybe they'll decide they'd love to live and work there, then they'll be happy.
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  #38  
Old 25.10.2022, 18:27
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Re: renouncing US citizenship

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Or maybe they'll decide they'd love to live and work there, then they'll be happy.
One of daughters tried that for 4 1/2 years, and then returned. She said "never again".

Tom
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  #39  
Old 25.10.2022, 18:45
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Re: renouncing US citizenship

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One of daughters tried that for 4 1/2 years, and then returned. She said "never again".

Tom
But at least she was able to try that. Anyone else would need to jump through hoops.
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  #40  
Old 25.10.2022, 21:56
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Re: renouncing US citizenship

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But at least she was able to try that. Anyone else would need to jump through hoops.
My other daughter said no way, and emigrated to AUS.

They both have CA on top of CH and US, so NA is no problem if they are desperate.

Tom
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