Introduction
The billionaire co-founder of Facebook, the only American member
of Monty Python, a Civil Rights Leader with a PhD from Harvard, the
founder of Carnival Cruise Lines and owner of the Miami Heat NBA
franchise, and arguably the best chess mind to ever live have more
in common than you might think. So what do Eduardo Saverin, Terry
Gilliam,1 W.E.B. Du Bois, Ted Arison, Bobby Fischer and
thousands of U.S. citizens living in Canada have in common? The
answer is all five have renounced their U.S. citizenship. These
people are not alone, record numbers of U.S. citizens living in
Canada and across the world are in the process of renouncing. Why
would a country with a seven to ten year wait list to acquire
citizenship have so many citizens headed for the exit? The reason
is that three letter word no one likes to hear – TAX.
