Hi, I&#x27;m a Canadian business owner who does lots of US contract work and I have colleagues who are US persons in both countries.<p>Every time a US Customs agent asks me if I will ever be interested in becoming a citizen I laugh and tell them about situations like this.<p>When I was young I dreamed of moving to the US, now it is a huge joke because of all the paperwork and FACTA&#x27;s &quot;Hotel California&quot; implications. Now I will never apply to be a US citizen. Especially because I would have addditional paperwork until I die.<p>BTW, this even affects Canadians and Canadian legal entities as we&#x27;re all forced to declare we are not US Persons even if it is obvious we are not.<p>FACTA is an overreach of power and the IRS should do a better job pushing back against laws like this. The US was once known as &quot;the place to do business&quot; (at least in the Americas) but now it appears to be just a gigantic bureaucracy.<p>I think it is good people are renouncing their citizenship... Perhaps it is the only way to let the government know how bad the system is.