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ARTICLE · 12 JANUARY 2017

Foreign Exchange Rates And The Exit Tax

We have seen several advantages from the increase in the U.S. dollar strength against foreign currencies when tackling the Exit Tax.

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We have seen several advantages from the increase in the U.S. dollar strength against foreign currencies when tackling the Exit Tax. Several clients have dropped below the $2 million thresholds and others find they have much lower gains on deemed sales when calculating the tax. While dollar strength can cause other issues, abandoning green cards and U.S. citizenship renunciations are seeing benefits.

Dentons is the world's first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world's largest law firm, Dentons' global

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