Expatriation Of Minors

Media across the globe has recently paid significant attention to the growing number of US citizens relinquishing their citizenship. Many different factors effect one's decision to expatriate, though most commentators agree the primary driver is the growing complexity of the US tax system. The US is one of the few countries taxing its citizens and long term permanent residents on their worldwide income, while simultaneously employing new and aggressive legislation (e.g., FATCA) to identify those failing to report their offshore income and investments. However, recent coverage has failed to highlight the increasing number of minor US citizens and green card holders also relinquishing their US citizenship.