Americans Reach New Heights In Expatriation

Americans Living Abroad Set Record For Giving Up Citizenship

 

 

 

” More Americans living outside the U.S. gave up their citizenship in the first quarter of 2015 than ever before, according to data released Thursday by the IRS.

  The 1,335 expatriations topped the previous record by 18 percent, according to data compiled by Bloomberg. Those Americans are driven to turn in their passports in part because of laws that have expanded bank reporting and tax compliance requirements for expatriates.

  The increase in early 2015 follows an annual record in 2014, when 3,415 Americans gave up their citizenship.

  An estimated 6 million U.S. citizens are living abroad, and the U.S. is the only country within the Organization for Economic Cooperation and Development that taxes citizens wherever they reside.”

 

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Annual Number Of Expatriate Americans Increases Five-Fold Since 2009 … Change You Can Believe In

Record 3,415 Americans Give Up Citizenship

 

 

 

 

” While politicians are focused on all the foreigners who want to become Americans, perhaps they should consider all the Americans who are becoming foreigners.

  According to the latest data from the Treasury Department, spotted by Andrew Mitchel at the International Tax Blog, a record 3,415 Americans renounced their citizenship in 2014. That was up from the 2,999 in 2013 and more than triple the number for 2012.

  You can read the list of individuals who renounced here. “

 

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