Also interesting for American citizens living and working overseas: if you work overseas, even for a completely foreign entity with zero US operations, you are expected to pay Uncle Sam taxes on that income. Only Liberia and the US engage in this shenanigans. It makes it hard to get ahead if you want to work overseas for awhile.
I once worked with an American guy who served 5 years in the French Foreign Legion. This poor guy played hell when he returned to the US after an almost 5.5 year absence. The Legion gave him a new name during his service and French citizenship upon completion of his tour, and when he returned to the US, he said they treated him like a pariah. The IRS audited him, yet did not assess him any levies. It was a nightmare for him that took over 6 months to sort out--with help from a tax attorney.
We live in NL and definitely don't get/need any benefits from the US.
"Because I don't want to pay US taxes" is one of the few reasons your application to renounce your citizenship can be denied.
You would need to lie on a federal form, which for some people is not a "small fee".
It’s a money-grab, pure and simple.
Like this one?