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Shorter Reads
1 minute read
Published 30 November 2017
It is probably right that, patriotic as she might be, Meghan Markle will join the increasing numbers of US citizens forking out the $2,350 fee to give up US citizenship and escape the requirement to fork out more on annual US tax reporting (and also ease their ability to deal with banks in the places they may be living). I am also sure the UK government will do whatever is necessary to bend the normal rules and award Meghan immediate British citizenship following her marriage to Prince Harry. Even if Meghan decides to keep her US citizenship (what if the marriage doesn’t work out?), I am sure the Royal family’s wealth can be insulated from her personal position, meaning it does not need to be disclosed to the US authorities, but this may not be so easy for any future children.
Shorter Reads
Published 30 November 2017
It is probably right that, patriotic as she might be, Meghan Markle will join the increasing numbers of US citizens forking out the $2,350 fee to give up US citizenship and escape the requirement to fork out more on annual US tax reporting (and also ease their ability to deal with banks in the places they may be living). I am also sure the UK government will do whatever is necessary to bend the normal rules and award Meghan immediate British citizenship following her marriage to Prince Harry. Even if Meghan decides to keep her US citizenship (what if the marriage doesn’t work out?), I am sure the Royal family’s wealth can be insulated from her personal position, meaning it does not need to be disclosed to the US authorities, but this may not be so easy for any future children.
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