The Real Reason I Renounced US Citizenship (Not Taxes)

Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Join us for the next Nomad Capitalist Live event: https://nomadcapitalist.com/live/ In this video, Mr. Henderson reveals the real reason he renounced his US citizenship and the thought process that went into making the decision. Mr. Henderson details his concerns about the USA's citizenship-based taxation system, yet he also explains why taxes are not what ultimately motivated him to give up his US passport. Watch until the end to find out what the last straw in this relationship was. 00:00 US Citizenship-Based Taxation 01:03 Conversation with Nomad Dad about Renunciation 03:04 Consequences of Keeping vs. Renouncing US Citizenship 05:08 Childhood Maps and Dreams 06:37 Experiencing High Taxation and Restrictions on Freedoms 08:05 Why I Renounced and Why I Won't Return to the USA 11:33 Leaving Your Country and Working on Self-Awareness 12:27 Learning how to Become a Nomad Capitalist 13:05 Financial Freedom as a Non-American 14:44 Choosing Not to Identify as American 18:30 Getting Over the Last Renunciation Hurdle Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors. We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country. No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson’s Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.