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Cost of Dropping Citizenship Keeps Earners From Exit: Taxes

Tax attorney Seth Entin has fielded about a dozen calls since Jan. 1 from individuals or companies thinking about exiting the U.S. or moving assets abroad.

“I don’t think I’ve ever gotten more calls in this particular area,” said Entin, who focuses on international tax at Miami-based Greenberg Traurig LLP. “A fair amount of the time I wind up telling people that it’s easier said than done, and if they try to do it they may wind up in a worse situation.”