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Old 09-27-13, 02:47 PM   #1
Jimbuna
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Default Why are Americans giving up their citizenship?

Now this really surprised me...the levels of disillusionment over tax appears to be growing...only small numbers atm but steadily growing.

I wish HMRC would chase the tax dodgers as much as the IRS does.

Quote:
The number of Americans giving up their citizenship has rocketed this year - partly, it's thought, because of a new tax law that is frustrating many expats.
Goodbye, US passport.
That's not a concept that Americans contemplate lightly. But it's one that many of them seem to be considering - and acting on.
The number of expatriates renouncing their US citizenship surged in the second quarter of 2013, compared with the same period the year before - 1,131 cases to 189 in 2012. It's still a small proportion of the estimated six million Americans abroad, but it's a significant rise.
http://www.bbc.co.uk/news/magazine-24135021
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