The UK government has unveiled plans to replace the existing resident non-domicile (non-dom) tax regime with a new system called Foreign Income and Gains (FIG), set to take effect in April 2025.

The ongoing debate about dual citizenship in India is particularly notable given recent discussions on the requirement of surrendering Indian passports. However Indian nationals can still explore these options.

Renouncing US citizenship involves significant legal and financial responsibilities. Individuals often choose this path to minimize their tax obligations, avoid double taxation, or due to personal or political convictions.