State Department cuts fee to renounce US citizenship by 80%

The Brief * The State Department has reduced the fee to renounce U.S. citizenship from $2,350 to $450, an 80% decrease. * The change took effect Friday after years of legal challenges from groups representing Americans seeking to give up their citizenship. * The fee had been raised in 2015 amid a surge in renunciations tied partly to stricter U.S. tax reporting rules for Americans living abroad.