Yet individuals with a US passport living in another country and not doing any commerce in the US are required to file and pay taxes in the US. The US is the only country (there may be one other small African nation) that taxes it&#x27;s citizens abroad.<p>Giving up your citizenship is also no simple. The cost has gone form $300 to over $2400 and you need to pay taxes that are due 10 years back. The reason for giving up citizenship may also not be because of taxes.