LexisNexis® Legal Newsroom
Why Wealthy Chinese Are Giving Up U.S. Green Cards

"An American passport can be a costly accessory-with U.S. citizenship come U.S. taxes. The WSJ's Wei Gu explains why some wealthy Chinese are instead taking advantage of offers to become citizens of cash-strapped European countries and wealthy Asian cities." - WSJ video, Mar. 14, 2013 ...

Pay Your Taxes or Lose Your Passport - FAST Act

Robert W. Wood, Dec. 4, 2015 - "The passport provision is now official, as President Obama signed the 5-year infrastructure spending Bill. It adds a new section 7345 to the Internal Revenue Code. It is part of H.R. 22 – Fixing America’s Surface Transportation Act, the “FAST Act...