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Number of Wealthy Americans Who Renounced Citizenship in 2020 Hits Record High

In mid-May, the company Greenback Expat Tax Services found that one in four American expatriates are weighing the possibility of renouncing their US citizenship as a. ....

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Nearly 1 in 4 Americans Abroad Want to Give Up Their US Citizenship Due to Taxes

Nearly 1 in 4 Americans Abroad Want to Give Up Their US Citizenship Due to Taxes
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According to a recent report by Greenback Expat Tax Services, 23% of Americans living overseas are seriously considering citizenship renunciation. Most say taxes are the reason.
Infographic shows key findings of the 2021 US Expat Opinion Survey by Greenback Expat Tax Services
When asked why they wanted to give up their US citizenship, 42% of expats cited the burden of filing US taxes as the primary reason.
GRANDVILLE, Mich. (PRWEB)
May 27, 2021
Americans living abroad have a history of feeling neglected by the US government and overburdened by tax regulation. According to Greenback Expat Tax Services’ 2021 survey of US expats, 23% of Americans living overseas are seriously considering citizenship renunciation. Another 42% would not rule it out. ....

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Nearly 1 in 4 American Expats Eye Renouncing US Citizenship Over Tax Requirements, Survey Finds

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