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Old 10.08.2013, 16:51
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Medea Fleecestealer Medea Fleecestealer is offline
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Re: New report on drastic increase in expats giving up US passport

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Most of the people relinquishing have likely been living outside the US for a long time, probably with a spouse, and are doing so for tax reasons, and have no intention of returning. I don't see any real drama there. If EU countries kept similar statistics for emigrants to the US who, though don't relinquish, don't return either, I'm sure it'd make for some far more interesting conversation points.
So have many of us who've renounced poptart. The threat of having my bank account/s closed, not tax reasons, is why I gave up citizenship to a country I haven't lived in for 45+ years. Most of those doing the same are like me; we're not rich and we don't owe the US tax man anything, we just want to be able to bank, get a mortgage, save a little without feeling like criminals because of our nationality. I doubt any statistics would show so many people giving up their citizenship because of one ill-conceived law either.
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