Sponsor

Blog Archive

A record number of people are giving up their US citizenship, according to new research
1706  Light Myanmar 

A record number of people are giving up their US citizenship, new research published on Sunday found.
More than 5,800 Americans gave up their citizenship in the first six months of 2020 compared to the 2,072 Americans who renounced their citizenship in all of 2019, according to Bambridge Accountants, a New York-based firm specializing in US expat tax, UK expats, actors and other creatives in the US and the UK. The firm said it examined public data, published by the US government every three months, of the names of all Americans who give up their citizenship. "These are mainly people who already left the US and just decided they've had enough of everything," Alistair Bambridge, a partner at Bambridge Accountants, told CNN.
"What we've seen is people are over everything happening with President Donald Trump, how the coronavirus pandemic is being handled, and the political policies in the US at the moment."
While many people who renounced their citizenship complain of being unhappy with today's current political climate in the US, another reason for their decision is often taxes, according to Bambridge.

Related Posts you may like

  • Buffalo herd chases pride of lions away. Viral video teaches important life lesson
  • Police raid in Vietnam finds more than 300,000 used condoms being packed for resale

  • South Korea official shot dead by North Korean troops after crossing border: Seoul

  • Maldives Creates New Island City Of Hope To Protect Against Rising Sea Levels
  • Game Like An Evil Genius In This Giant Scorpion Gaming Chair
  • A 12-storey pig farm: has China found the way to tackle animal disease?

  • Thai national park will collect, mail litter back to visitors who left it behind