Most of the "abandoned U.S. citizenships" have to do with recent laws that force anyone with international dealings to reveal information of not only their financial status, but those of the foreign contributors/investors as well. To deal in foreign investment, it has become for all practical purposes, mandatory to relinquish U.S. citizenship as foreign investors see the U.S. govt. overstepping their bounds/authority. Another tribute to overzealous govt regulation kissing billions of U.S. dollars and investments goodbye.
Most of the "abandoned U.S. citizenships" have to do with recent laws that force anyone with international dealings to reveal information of not only their financial status, but those of the foreign contributors/investors as well. To deal in foreign investment, it has become for all practical purposes, mandatory to relinquish U.S. citizenship as foreign investors see the U.S. govt. overstepping their bounds/authority. Another tribute to overzealous govt regulation kissing billions of U.S. dollars and investments goodbye.