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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMore and more are saying bye.
More than 3,100 Americans shed their citizenship last year, FBI figures show.
The numbers come from published statistics and documents obtained by Global News under U.S. freedom-of-information laws.
The total of 3,128 is lower than the 4,652 people added to an FBI database of ex-citizens. But the 2012 total includes about 2,900 names entered in October, 2012 as the State Department cleared a backlog, FBI spokesperson Stephen G. Fischer Jr. explained in an e-mail. Deducting those names brings 2012′s total down to 1,752, and makes last years total the highest since at least 2006. In 2011, 958 names were
http://globalnews.ca/news/1072303/over-3100-americans-renounced-citizenship-last-year-fbi/
This is what the US Chamber of Commerce says about FATCA
https://www.uschamber.com/blog/next-obamacare-fatca-roll-out-flounders
And this is what the US Tax advocate writes.
http://www.taxpayeradvocate.irs.gov/userfiles/file/2013FullReport/REPORTING-REQUIREMENTS-The-Foreign-Account-Tax-Compliance-Act-Has-the-Potential-to-Be-Burdensome%2C-Overly-Broad%2C-and-Detrimental-to-Taxpayer-Rights.pdf
Especially for Canadians
http://maplesandbox.ca/2014/us-chamber-of-commerce-joins-tas-in-dumping-on-fatca/
also posted in Canada forum.
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More and more are saying bye. (Original Post)
riverbendviewgal
Jan 2014
OP
frazzled
(18,402 posts)1. Yeah, to avoid new law that would stamp out tax evasion
They're giving up their citizenship to avoid paying taxes. All I can say is, buh-bye.
http://money.cnn.com/2013/09/04/news/citizenship-us-tax/
riverbendviewgal
(4,253 posts)4. you did not read the links on this post
People permanently living in a country other than the USA should not pay double tax. The whole world except the USA and Eritrea is resident based. Read the links.
NightWatcher
(39,343 posts)2. And the FBI is tracking expatriots because???
Shouldn't this be a State Dept issue?
riverbendviewgal
(4,253 posts)5. they are tracking renouncements because it is what it does
The totals do not include relinquishments and returns of green cards.
Egalitarian Thug
(12,448 posts)3. If other countries made it easier, that number would explode. n/t
riverbendviewgal
(4,253 posts)6. easier ?
Can you clarify?
Egalitarian Thug
(12,448 posts)7. I've been looking for an escape since the '90s.
Vancouver inspired me to begin my investigations. Unfortunately, I was almost 40 when I got serious and without a seriously large pile of cash (or an MD, damn me for not listening to my mom and finishing), nobody wants middle aged people.
riverbendviewgal
(4,253 posts)8. it is unfortunate
So many good people who would be an asset but not enough money to get a foothold.