and if it really does become an issue they can renounce citizenship later.
Are you aware there is a fee of somewhere around $10,000 USD to renounce your citizenship, plus any back taxes and penalties you may owe? Also, you are required to file U.S. tax returns even if you make ZERO income if you have any money at all in a non-U.S. bank account. The U.S. is one of the few countries that requires you to file tax returns in that case even if you don't owe any taxes. And they have been enforcing this rule: a lot of Canadians found themselves owing huge amounts of money in penalties to the IRS for failing to file these returns even though they didn't owe any U.S. taxes, and many of these people didn't consider themselves to be U.S. citizens and weren't even aware that the U.S. considered them to be citizens till they got their tax bill.
Interesting. So theoretically, the whole world would be better off filing US tax returns just in case the US considers them citizens, and just in case the US goes the next step and starts billing them for not filing a tax return.
Wonder if any other countries have this policy? I could file tax returns for Bolivia, Tibet, Belgium, Samoa, Madagascar and Dubai just in case they also consider me a citizen.
What's worse, if I ever don't file one, having started, then they'd chase me.
We could bog down the world with paperwork; electronic and otherwise. Or has this already been done?